What innovative service could a Fintech offer in Africa to establish itself as a leader in the African market?

Fintechs in Africa can establish themselves as market leaders by offering accessible, agile, and cost-effective digital financial services, particularly for underserved populations. The focus should be on constant innovation to make services more competitive.

Here are some ideas for innovative services that fintechs could offer:

1- Payment and money transfer solutions:

Develop universal solutions allowing merchants to accept a variety of payments, from cash to credit cards, including cryptocurrency.

2- Establish mobile money transfer systems, especially in rural areas, with reduced transaction costs.

3- Create electronic wallets allowing users to accumulate assets, make online or in-store purchases, and pay bills.

4- Mobile banking services:

Offer cash management and payroll solutions for very small enterprises (VSEs) integrated with mobile services.

5- Offer digital credit, more accessible than traditional bank loans, to support small and medium-sized enterprises (SMEs) and stimulate local entrepreneurship.

6- Land management:

Implement solutions for managing land assets, helping African states track urban and rural cadastres and authenticate land titles.

7- Use of advanced technologies:

Adopt transformative technologies like blockchain and AI to surpass existing systems.

8- Leverage generative and predictive AI to drive cost savings, revenue growth, and enhance customer and employee satisfaction in the banking sector.

Use AI for credit risk assessment, thereby helping to reduce financial risks...