ADDIS ABABA, ETHIOPIA — As digital payments surge across Ethiopia, local businesses are facing a growing threat: fraudulent or reused payment confirmations. To bridge this trust gap, software engineer Abel Legesse has announced the launch of Veriq, an Android-based verification tool designed to protect merchants from transaction fraud in real time.
Veriq tackles the “fake screenshot” epidemic by allowing businesses to cross-check transaction IDs and use smart receipt scanning. By verifying the authenticity of a transfer before goods or services are handed over, Veriq helps eliminate the financial leakage that many small and medium-sized enterprises (SMEs) have come to accept as a cost of doing business.
“Many restaurants and service providers lose money every day because they are shown fake screenshots or reused receipts,” said Abel Legesse, Founder of Veriq.
“We built Veriq to remove that uncertainty. It’s about giving merchants confidence in seconds, so they can focus on their customers rather than questioning their honesty.”
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