Ethiopian Fintech Map in 2020

Ethiopia's financial technology ecosystem is largely composed of a web of companies that sprung from the commercial banking sector and few firms who started of as fintech. A significant portion of the digital banking market is dominated by the state-owned Commercial Bank of Ethiopia(CBE) which offers a varied set of products and services. A growing list of companies offer payment operator services with a few instrument issuers and even fewer insurance technology firms. Some have dared to enter into the very nascent blockchain and crypto space , a few into saving and wealth management services and just three companies exploring the payment processing network infrastructure. .