SA micro-payments solution to expand footprint internationally


Ukheshe, the South African fintech provider is headed for the international markets with a focus on key regions such as Europe, Asia Pacific, and the Middle East. The new shift to the global markets is fueled by Ukheshe’s efforts to establish new partnerships across Africa, as the continent shifts towards digital products, channels, and services. Ukheshe hopes to achieve unicorn status within the next three years.

Launched in 2018, Ukheshe has significantly grown to support several banks, fintech firms, telecommunication companies, billers, and merchants. To date, there are over 18 million digital wallets created, not forgetting the millions in money moved every day.

Long-term strategic partnerships will be held across strategic locations in Europe, Asia-Pacific, and the Middle East. Among the African countries where Ukheshe has already secured partnerships are Angola, Zambia, Zimbabwe, Botswana, Kenya, Nigeria, Namibia, Burundi, Tanzania, Ghana, Rwanda, and the DRC.

We earlier covered how Ukheshe partnered with KCB Bank Kenya in the creation of a new Bank Identification Number (BIN). The company also acquired Otlio, a digital payments platform in South Africa that uses the QR payment service MasterPass.

Source article at ITWeb


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