We are currently working on a digital banking and micro-lending platform tailored for unbanked populations, offering mobile payment, savings, and small loan services. We will be utilizing the use of USSD codes especially in three rural parts of South Africa.
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Feasibility:
South Africa has a well-developed tech ecosystem and regulatory framework. High smartphone penetration supports digital finance. -
Potential Returns:
Very high (IRR >25%) due to scalability and low marginal costs. Strong potential for regional expansion. -
Risks:
Regulatory changes, cybersecurity threats, and competition from large incumbents (banks, telecoms).
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