#Fintech

Jun 27, 2022
3 min

From tech holdout to digital native - how to transform your customer base

Slow and steady wins the race, right? Well, not always. With the Fourth Industrial Revolution upon us and technology moving at a heady pace, it’s survival of the fittest out here, especially for businesses. In a world where change is the only constant, those who lag behind risk losing out on the many benefits new technologies can bring. Just ask any Gen Zer in your life (and they’re easy to spot; they’re the ones yelling “Ok, Boomer!” at you with a roll of their eyes, no matt

Jun 6, 2022
2 min

Ukheshe launches first certification-free tap-on-phone payment solution

Embedded finance enabler Ukheshe Technologies has announced the launch of the very first tap-on-phone payment solution that requires no certifications. Though tap-on-phone payments have been available for a while, up until now this functionality has been costly, with several administration hurdles. Ukheshe has solved this problem by creating a simple and quick process for merchants and service providers to accept tap-on-phone payments. It will allow any near-field communicati

May 24, 2022
3 min

Counting the real cost of cash in South Africa

Cash is still king in South Africa. But according to Anton van der Merwe, COO of leading pan-African fintech enablement partner, Ukheshe Technologies, its long reign is increasingly under threat as businesses and consumers begin counting the real, hidden costs behind cash transactions. Whether its via cash, credit card, QR, crypto, or a smartphone wallet, financial transactions all take place within a complex system. Some parts of that system make use of coins, notes, or phy

May 20, 2022
3 min

Cash is no longer king: How fintech has transformed the SME landscape

Fintech is a term loosely thrown around, usually by a godson in IT, or corporates who have traded in slacks for sneakers, but the average Joe remains oblivious. So, what is it really? In a nutshell, it is technology related to financial services, and it is redefining the financial sector as we know it. The worldwide boom in technology and online shopping has created an increased demand for convenience, and fintechs are at the forefront of meeting this need. Fintechs are the g

May 17, 2022
2 min

Pan African fintech Ukheshe Technologies enables embedded finance solutions through AWS Partnership

In an era where digital payments transcend borders, the ability to globally scale and do so quickly is critical to success. To service today’s global market, Pan African fintech enabler Ukheshe Technologies, partnered with Amazon Web Services (AWS) to enhance its ability to scale on demand and enter territories that require fast and secure transactions. By participating in the AWS Partner Network (APN), Ukheshe is also able to enhance its own offering at scale. Ukheshe now le

May 11, 2022
2 min

How embedded finance is revolutionising financial services

Embedded finance – the latest buzzword in the digital space, and for good reason: it is changing how we interact with financial services. As the world turns increasingly towards digital payment processes, there is a huge incentive to make these processes a seamless part of our everyday lives. Embedded finance does this by enabling non-financial companies to integrate them as part of their digital offerings, without the associated development and compliance costs. By doing thi

Apr 28, 2022
3 min

Fintech for Humans: How to put your customers at ease with mobile payments

Remember when banking meant leaving the house and queuing at a physical branch to see your banker? Now, you can use your mobile device to make payments and check balances, and at the same time order groceries, pay your electricity bill and chat online with friends and family – all without getting off the couch. The digital revolution in the financial services industry has changed the way we bank, shop and interact with each other, and the prolonged lockdowns as well as increa

Apr 21, 2022
3 min

Ukheshe Technologies leading the race to perfect chat commerce

Chat commerce is undoubtedly the way of the future, according to Pieter de Wet, President Business Development: International Markets at leading pan-African fintech enablement partner Ukheshe Technologies. “Ukheshe’s own Eclipse Chat Commerce solution offers everything a business needs – not only now, but also as an organisation grows.” Consumers are making a rapidly increasing portion of their purchases through chat commerce channels. Juniper Research estimates that sales ma

Apr 13, 2022
3 min

From startup to scale-up - Takeaways from Ukheshe's inspiring growth journey

Startups as we know them today are the great disruptors of society, rooted in innovation and intent on solving deficiencies in existing systems, or creating entirely new ones. Their goal is to change the world for the better, and they want to do it at scale. Finding yourself in a startup environment can be a challenging, but enlightening experience, as it doesn’t run like a fully fledged corporation, but is expected to. Due to their disruptive nature, processes can be messy a

Mar 24, 2022
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 22, 2022
3 min

Ukheshe processes first live instant payments in MEA with Mastercard Track Instant Pay

The first businesses in the Middle East and Africa region have started to experience the seamless ease of Mastercard’s Track Instant Pay solution, in partnership with leading pan-African fintech enablement partner, Ukheshe Technologies. Track Instant Pay is a next-generation virtual card solution that uses machine learning and straight-through processing to enable instant payment of supplier invoices – the first of its kind. “It safely and intelligently authorises immediate p

Mar 10, 2022
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

Feb 23, 2022
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, 2022
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, 2022
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, 2022
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

Nov 24, 2021
2 min

The Rise of Digital Banking

There is no doubt that fintechs are the drivers behind the financial sector’s major transformation. Innovative platforms and ecosystems created by these startups are changing the way consumers manage their finances, making it more accessible, convenient, cost-effective and at the same time addressing a huge problem across Africa – financial inclusion. The COVID-19 pandemic triggered further digitalisation and many customers have now become accustomed to meeting all their fina

Nov 19, 2021
3 min

Ukheshe and Telkom launch mobile POS solution for small businesses

Small businesses are contributing a growing slice of South Africa’s economic pie, increasing their contribution to the formal business sector’s total turnover by over 12% year-on-year. Yet few solutions are geared at these merchants. Physical point of sale systems are often unaffordable to them, transactions carry high charges, and the red tape to formalise their business dealings all hamper their economic progress. A new mobile point of sale (mPOS) solution from Telkom, crea

Nov 4, 2021
2 min

How 'buy now, pay later' is driving change in the payments sector

Three waves of COVID-19 over the past 18 months, and a fourth one looming, have all but devastated the South African economy. The unemployment rate is at a record high of 34.4%, according to Stats SA, and a TransUnion study shows that 62% of consumers are impacted financially as a result of the pandemic – 87% of whom are concerned about paying their bills. Add to this the dramatic rise in ecommerce driven by the pandemic, and the time is ripe for alternative payment solutions

Oct 20, 2021
2 min

Money 20/20 - Key Takeouts

Europe’s leading fintech show brought together the global financial industry to share its vision on the future of payments. Paul Selibas, President: Project Engineering at Ukheshe shares his insights on the event. Money 20/20 is the world’s foremost sales and connections event for the global money ecosystem. It is where industry experts and newcomers alike get together and share innovations, challenge the status quo and brainstorm new ideas. The Ukheshe team was there and, af