#financialservices

Jun 14, 2022
3 min

Blockchain is reshaping finance as we know it - here's a glimpse into the future

Blockchain technology is changing the world one industry at a time. Known best as the technology that enables the existence of cryptocurrency, it’s transforming commerce across virtually every sector, and accelerating the next fintech revolution. But what is blockchain exactly and how is it changing how the world does business? In short, blockchain is a shared, indisputable record of transactions and trades, known as the ‘block’, with each block connected to the transactions

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

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

Mar 3, 2022
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, 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

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

Oct 20, 2021
3 min

Tech Tipping Point

New technology often seems fantastic on paper yet has little impact in the life of the average person. A new tipping solution for fuel pump attendants, however, does both. When asked to fill up a fuel tank as motorists do in the movies, few South Africans would know what to do beyond pulling their tank lever from inside the car. Fuel station attendants are as much a part of our culture as braais and ‘howzit’. And yet, a BusinessTech poll of over 7000 respondents in 2018 showe

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

Sep 21, 2021
3 min

Competitions are a boost for start-ups

Getting a start-up business off the ground is not easy. You need to hustle hard to find the capital, attract customers and feel your way around what might be a new industry to you. With all the hard work put into establishing your business, efforts to network among peers and gain visibility may fall by the wayside. Participating in a start-up competition can give your company the boost it needs to ‘get a foot in the door’. Your company doesn’t even need to win for it to be a

Sep 7, 2021
2 min

Why a platform business model is key to digital transformation in emerging markets

Platform business models are key to thriving in emerging markets as they create operational efficiencies, foster innovation, and encourage go-to-market excellence. According to Clayton Hayward, CEO of Ukheshe Technologies, a leading fintech enablement partner, the platform economy opens up a whole new world of opportunities for solution-driven businesses. Having evolved over the years, today’s platform economy has led to a new breed of digitally driven, disruptive business mo

Aug 30, 2021
1 min

Ukheshe Technologies and dzcard announce partnership to expand payment solutions in APAC

Leading fintech enablement partner, Ukheshe Technologies has announced a new partnership with global next-generation card solutions and digital security company, dzcard. The partnership will enhance dzcard’s customisable solutions for various digital ecosystems and locations. The partnership will leverage Ukheshe’s Eclipse API platform and its market leading digital payments solutions, allowing both companies to deliver digital strategies within their respective markets. Dono