Ethio Telecom launches financial services and device financing with Siinqee Bank

Remittance deals continue to hog the fintech headlines in Africa. MTN MoMo, Mastercard and Equity Bank Kenya are the latest companies to make announcements about plans to serve the vast African remittance market.

At Mobile World Congress on Monday, payments company Visa and the GSMA Mobile for Development Foundation (a.k.a. the GSMA Foundation) launched the Digital Finance for All (DFA) Initiative to advance digital financial inclusion in developing markets.

Safaricom M-Pesa announced on Monday it is partnering with Ethiopian fintech startup LakiPay Financial Technologies to enhance digital payment services in Ethiopia.