The development trajectory of FinTech in developing countries has differed to that of developed countries. The development of FinTech in developing countries is collectively described as FinTech $3\mathrm{.}5.$ However, within developing countries there also are differences in the development trajectory of FinTech. The development of FinTech in Africa has been unique. It has been dominated by one FinTech innovation.

Identify the FinTech innovation that has dominated the proliferation of FinTech in Africa. In addition to the financial sector, what sector has been actively involved in the development of the dominant FinTech innovation in Africa?

Explain successful applications of the dominant FinTech innovation in Africa.

List the positive impacts of this dominant innovation on financial inclusion and poverty in Africa. Where possible, present examples from African countries.