Comparison

CBE Soft Token vs Mela Merchant

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

CBE Soft Token

This app generates One-Time Passwords (OTPs) for secure login and transactions on internet banking. It serves as a multi-factor authentication tool for users of the Commercial Bank of Ethiopia.

Highlights
  • Generates One-Time Passwords (OTPs)
  • Multi-factor authentication
  • Secure login for internet banking
  • Facilitates transactions
  • Official app for Commercial Bank of Ethiopia
Features
Read full description

Commercial Bank of Ethiopia Soft Token The Official Soft Token app of CBE for IOS CBE IOS Soft Token app is Multi factor authentication app which gives you access to generate OTP on your IOS Device phone to login and and make transaction to cbe internet banking. Once you download the application, you can get Activation code from CBE self service portal . For further information, please e-mail to us :- CBEIntBankingMFA@cbe.com.et

About

Mela Merchant

Features
Read full description

Accept mobile payments instantly with Mela Merchant. Mela Merchant is the companion app for accepting payments in the Mela Finance ecosystem. Designed for merchants and business owners, it simplifies payment collection, eliminates cash handling complexity, and gives you complete visibility into your sales. KEY FEATURES • Create payment requests in seconds with customer details and notes • Generate QR codes for customers to pay instantly from the Mela app • Track real-time payment status—from request creation to completion • View detailed transaction history with powerful search and filtering • Access your sales dashboard for immediate insights into daily revenue • Manage your team with role-based staff permissions • Secure login with encrypted token storage and password management WHY MELA MERCHANT • Fast & Secure — All transactions use encrypted, bank-level security • Transparent — See every transaction, tip, and sale in real time • Integrated — Works seamlessly with Mela's consumer payment app • Built for Ethiopia — Designed for local payment needs and Ethiopian fintech Start accepting payments today with Mela Merchant.

Screenshots

CBE Soft Token4 screens
Mela Merchant4 screens

Verdict

The call

CBE Soft Token and Mela Merchant are too close to call on the numbers: across 6 compared parameters — price, update cadence, ads and in-app purchases among them — neither pulls far enough ahead to decide it. What separates them is feature set and interface, not measurable difference.

Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. Neither carries in-app purchases, so what you see is what you pay.

UpkeepUpdate frequency

CBE Soft Token ships an update every 4 months, Mela Merchant every 3 months. The most recent releases landed on October 23, 2026 and October 14, 2026 respectively.

ScorecardNo meaningful differences
CBE Soft Token versus Mela Merchant: the parameters behind the verdict, then further details
ParameterCBE Soft TokenMela Merchant
PriceFreeFree
Rating3.5 (10 ratings) — better—
Positive reviews50.0% of reviews—
Number of ratings10 — better—
Update frequencyEvery 4 monthsEvery 3 months — better
AdsNoNo
In-app purchasesNoNo
MonetizationFree—
DevicesiPhone, iPad, iPodiPhone, iPad, iPod
Requires iOS13.013.0
Further details — not scored
Size29 MB20 MB
Age rating4+4+
DeveloperCOMMERCIAL BANK OF ETHIOPIAMela Finance Inc

In-app purchases

None

CBE Soft Token

No in-app purchases

None

Mela Merchant

No in-app purchases

Questions

Is CBE Soft Token free?
CBE Soft Token is free to download, with no in-app purchases.
Is Mela Merchant free?
Mela Merchant is free to download, with no in-app purchases.
Do CBE Soft Token or Mela Merchant have ads?
Neither CBE Soft Token nor Mela Merchant shows ads.
Which is updated more often, CBE Soft Token or Mela Merchant?
CBE Soft Token ships an update every 4 months, and Mela Merchant every 3 months. Most recently, CBE Soft Token was updated on October 23, 2026 and Mela Merchant on October 14, 2026.

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