#Africa

Mar 24
2 min

The power of one - will multi-purpose super apps replace all other apps?

How does an app become a super app? Much like Superman, it gains extra powers. With mobile software applications available to assist us with almost every aspect of our lives, including socialising, ticket purchasing, shopping, fitness, banking and more, there’s a reason the phrase ‘there’s an app for that’ was coined by Apple back in 2009. More than a decade later, enter the super app; a one-stop platform with multiple solutions built into it so users don’t have to interact w

Mar 10
2 min

Mobile money is driving financial freedom in Africa

International remittances – a portion of earnings that migrant workers send home - are often a financial lifeline to families, especially those living in developing nations. Africa is one of the world’s most important remittance markets, with about USD$77 billion flowing in annually out of a global total of US$666 billion, according to the World Bank. The International Monetary Fund further estimates that 45-65 percent of these transactions are informal, or cash payments. The

Mar 3
2 min

Ukheshe Technologies confirm appointment of Darryn Botha as its new CIO

Leading pan-African fintech enablement partner, Ukheshe Technologies, has appointed Darryn Botha as its Chief Information Officer. Botha’s role will include overseeing data security, maintaining a stable IT infrastructure, while enabling Ukheshe's business strategy and improving its ability to engage and collaborate with clients. Botha has spent over 25 years in the financial services industry with experience in building bespoke insurance and investment platforms to service l

Feb 23
2 min

Ukheshe - partnering beyond borders to drive financial innovation

Emerging markets in Africa are fertile ground for financial innovation, offering opportunities to address the decades-long challenge of financial inclusion. With these opportunities come challenges. A business breaking into a home market is difficult enough, but a foreign market means unfamiliarity with the local economy, politics, culture, social habits and consumer preferences. The solution to this is collaboration with domestic partners, who can help provide businesses wit

Feb 10
3 min

This year's emerging fintech trends

Last year saw an unprecedented rate of change in the financial sector, with huge growth in the use of digital financial services. A report by CB Insights entitled ‘State of Fintech’ revealed that the third quarter of 2021 was the second-highest on record for fintech financing, up by 147 percent year-on-year, and 2022 is looking like more of the same. Fintechs will continue to drive financial inclusion, assisting in the creation of an accessible and sustainable digital economy

Feb 2
2 min

Ukheshe Technologies achieves Level One B-BBEE rating on the back of achieving transformation goals

Ukheshe Technologies achieves Level One B-BBEE Contributor certification.

Jan 19
2 min

Ukheshe - looking forward to another year of growth in 2022

The fintech industry is in a period of hyper-accelerated growth, with venture capitalist investment in young fintech companies having reached record-breaking levels in 2021. A report by KPMG shows that global investment in fintech reached a record-breaking $52.3 billion in the first half of 2021, more than doubling the $22.5 billion seen in the second half of 2020. Ukheshe is riding this wave of growth and driving it further into Africa. The market leading fintech enablement

Oct 14, 2021
3 min

The Connected Continent

Africa is leading the way in mobile money, and it will change banking as we know it By Mark Dankworth, President International at Ukheshe Technologies Mobile transacting is fast becoming the golden egg of financial services – and nowhere more so than in Africa. According to the Global System for Mobile Communications’ (GSMA) 2021 State of the Industry Report on Mobile Money, the number of registered mobile money accounts grew by 12.7% globally in 2021 to 1.21 billion accounts

Jul 1, 2021
2 min

Ukheshe Technologies announces boostXB joint venture with ForexPeople

Fast, convenient cross-border end-to-end digital remittances from SA into Africa Leading fintech enablement partner, Ukheshe Technologies has confirmed the establishment of a new joint venture with ForexPeople, one of South Africa’s most trusted names in forex with over 20 years of experience, to seamlessly facilitate cross border payments from South Africa into Africa. The service will extend from South Africa to more than 40 countries across Africa, including Africa’s large

Mar 16, 2021
1 min

Ukheshe, Infobip Create SA’s First WhatsApp Payment Gateway

2 min read. Digital FinTech enablement provider, Ukheshe Technologies, together with Infobip, a global cloud communications platform that enables businesses to build connected customer experiences across all stages of the customer journey at scale, have developed South Africa’s very first WhatsApp payment gateway for use by Telkom, one of the country’s largest mobile operators. In addition to being South Africa’s first digital wallet platform, the solution is also the first W

Mar 16, 2021
2 min

Ukheshe Technologies’ Start Path journey and our role in a digital first future

2 min read. In April 2020, Ukheshe Technologies was selected to join Mastercard Start Path, an exclusive startup engagement program for later-stage scaling startups. In the 11 months that followed, we pivoted to a B2B model that focused on the enablement of Mastercard’s digital-first strategy. Our journey continued with the acquisition of Oltio – which developed the digital payments platform that supports Mastercard’s QR code service, Masterpass, in South Africa. while also c

Mar 11, 2021
1 min

Ukheshe expands reach to international markets

2 min read. South African micro-payments platform provider Ukheshe is expanding its operations to international markets, eyeing key regions such as Middle East, Europe and Asia Pacific, the company revealed today. The move into global markets comes on the back of ramped up efforts by Ukheshe to establish and enhance key partnerships in Africa, as the continent shifts towards digital channels, products and services. “We will continue to look for potential acquisitions in these

Mar 11, 2021
1 min

A bigger and better Ukheshe – with the best yet to come

2 min read. The last few months have been an exciting chapter in Ukheshe’s growth and development. Our team continues to expand with the brightest talent in our industry who bring with them the extensive skills, knowledge and experience to drive our regional and international ambitions. We are thrilled to have recently welcomed new members to our sales, support, and development teams. With our growing team, we are even more well-placed to meet the demands of our banking, telc

Feb 23, 2021
1 min

Ukheshe to expand African and global reach as a digital-first financial services enabler

2 min read. Ukheshe is looking forward to the coming months as we extend our African and global footprint as a digital-first financial services enabler. Currently, we provide the platforms and technology that support 16 banks and fintechs, three telcos, 3,000 billers, 200,000 merchants, as well as 18 million digital wallets and four million apps combined which process millions of transactions every month. Ultimately, payment solutions allow more people to participate in econo

Feb 10, 2021
2 min

From B2C to B2B: Ukheshe Technologies’ exciting evolution surges ahead

2 min read. With 2021 now well underway and digital transformation accelerating at pace, Ukheshe Technologies is looking forward to the coming months as we continue to scale our operations across more locations on the African continent, and even further afield including Singapore, Dubai and Austria. As Ukheshe Technologies’ footprint extended into Africa there was a clear opportunity to make the biggest impact as a solutions-driven B2B provider of tailor-made payment solution

Feb 5, 2021
1 min

Ukheshe board adds new non-executive director

2 min read. Ukheshe has appointed Prins Mhlanga, CEO of Ocean on 76 Group, to its board of directors. Mhlanga joins the board of the South African micro-payments platform provider in the position of non-executive director. In a statement, Ukheshe says Mhlanga’s appointment comes at a time when it has refocused on the B2B sector and is streamlining its payment solution services. Clayton Hayward, co-founder of Ukheshe, says the company is excited to have Ocean on 76 on board: “

Feb 2, 2021
1 min

Ukheshe and KCB in Deal to Boost East African Payment Services

2 min read. In an initiative that will see the growth and development of payment services within the East Africa region, leading digital fintech platform provider, Ukheshe, has announced the conclusion of a new agreement with the Kenya-based lender KCB Bank Kenya. Through the agreement, KCB will sponsor Ukheshe’s Bank Identification Number (BIN) number, which will allow Ukheshe to immediately issue both physical and virtual cards across East Africa where KCB has an extensive

Jan 27, 2021
2 min

Walking the talk and living the Ukheshe values

2 min read. Our company values are more than aspirations, we see them as a carefully considered set of principles that guide our actions, keep us all on the right track, and inspire our success. What we value not only shows the world what we’re about and what we stand for, it functions as a compass for finding our true north and serves as a foundation of our long-term vision and strategy. As we continue to grow and build on our many successes, our values become even more impo

Jan 20, 2021
1 min

Interview: Ukheshe CEO Clayton Hayward on the Oltio acquisition

2 min read. In this episode of the podcast, TechCentral’s Duncan McLeod interviews Clayton Hayward, CEO of fintech platform provider Ukheshe Technologies, about its acquisition from Mastercard of Oltio. The deal, announced late last year, sees Ukheshe buying a company that developed the digital payments platform that supports Masterpass, Mastercard’s QR payment service. Masterpass allows consumers to pay with their bank card by scanning a QR code with their mobile phone. In t

Dec 15, 2020
2 min

Closing the Digital Divide Reaches Urgent Levels as Covid-19 Leaves Devastation in its Wake

2 min read. There is a growing appreciation of financial inclusion and its role in economic development. Tied closely to this is the role of mobile money and its contribution to promoting financial inclusion and development. According to Clayton Hayward, CEO and co-founder of Ukheshe, an SMME digital banking platform provider, South Africa remains highly regulated with licensed banks being the only institutions that can offer e-money services. This creates a major hurdle, lim