Ukheshe Technologies Archives - AfricaBusiness.com

South Africans can now Scan to Pay with Crypto

28Sep

By Africa BusinessNo Comments

Fintech, South Africa News

South Africans can now Scan to Pay with Crypto

Scan to Pay, Powered by Ukheshe, has partnered with Xion Global to offer crypto payments on the Scan to Pay app. Scan to Pay, powered by Ukheshe, is the largest QR ecosystem in South Africa and is used by more than 600,000 vendors, 14 banks and fintech companies and 94 payment service providers. Now, this new partnership will seamlessly introduce more crypto payment options to mainstream South Africa through the Scan to Pay app. Tracy-Lee Schoeman, Vice President of Loyalty and Rewards at Ukheshe, says the rise of cryptocurrencies has created a new wave of opportunities for performing financial transactions. “Cryptocurrency payments have the potential to transform the way people transact with lower fees, faster settlement times, and greater financial sovereignty – something Ukheshe is ex...

Everything you need to know about QR code payments

30Jun

By Africa BusinessNo Comments

Fintech, South Africa News

Everything you need to know about QR code payments

by Paul Selibas, Division President at Ukheshe If there’s one thing almost no one leaves home without, it’s their mobile phone. How many times have you forgotten your keys or worse still, your wallet, and been left stranded at the shops? Now you don’t need your purse or your wallet, or even a bank card to go to the store. All you need is your cell phone. The world of payments has come a long way since cheque books. From manual credit card imprinters to early credit and debit card terminals, we now have contactless, safe and secure payments via a scanning process between the customer’s mobile device or smartphone and a QR code at the vendor’s point of sale. Scan to Pay powered by Ukheshe is the largest QR ecosystem in South Africa and as such is tried and tested by millions of merchants...

14Mar

By Africa BusinessNo Comments

Fintech

Ukheshe takes a fresh, dynamic approach to its African growth

The adage ‘jack of all trades, master of none’ is apt for enterprises considering expansion into new African markets. Anthony Karingi, Vice President of Business Development - East Africa at leading fintech enablement partner Ukheshe, says the company is taking a collaborative approach to its regional expansion strategy – and is already reaping the benefits. “As Ukheshe expanded into five core East African markets - Kenya, Tanzania, Uganda, Rwanda, and DRC, together with other countries like Zambia and Zimbabwe – we made sure to establish partnerships and leverage local knowledge. We recognised that we cannot be all things to all people and that it would make more business sense to focus on our strengths while working closely with our partners to leverage theirs.” Karingi joined Ukheshe i...

21Oct

By Africa BusinessNo Comments

Energy, Fintech, South Africa News

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 showed that 37% of motorists don’t tip pump attendants. Engen aims to change this with its new ‘Tip an Attendant’ function. Ukheshe technologies, Telkom and Engen have collaborated to create the QR solution which allows motorists to tip attendants and cashiers for efficient service by simply scanning a QR code using thei...

18Oct

By Mark DankworthNo Comments

Fintech

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 – double the forecasted growth rate. Sub-Saharan Africa makes up the biggest slice of this pie on all fronts – number of accounts (548 million of the 1.2 billion accounts), transaction volume (27.4 billion of the 41.4 billion transactions) and transaction value ($490 billion of the $767 billion worldwide). Clearly, the continent is leading the charge when it comes to transacting via mobile phones....

18Aug

By Africa BusinessNo Comments

Business, South Africa News

Entrepreneurs need to better understand risk and fail better by failing fast and forward

Are entrepreneurs risk takers at heart or calculated visionaries? According to serial entrepreneur and Ukheshe Technologies CEO, Clayton Hayward, many entrepreneurs don’t truly understand the nature of risk, which has a direct impact on the success of their business idea. He says that to be a successful entrepreneur you need to be willing to take risks with a greater vision in mind – and become comfortable with the possibility of failure. Hayward, who has started more than 26 businesses since graduating in the early 90s, says that globally, managing risk is probably one of the biggest entrepreneurship obstacles: “It is important not to overthink, over strategise or over plan the launch of a business. Understand the nature of the risks involved and go for it. Too many entrepreneurs let ...

10Aug

By Africa BusinessNo Comments

Fintech, South Africa News

Cash is king – but digital payments are coming for the throne

Even with a high banked population and a multitude of electronic payment options available, the average South African still use cash for daily purchases and payments with an estimated 78-80% of transactions being in cash. Anton van der Merwe, the recently-appointed COO of Ukheshe Technologies, a fintech enablement partner that works with financial institutions to grow in the rapidly-expanding digital space, says that for these reasons alone, the opportunities for digital payments are set to boom. Van der Merwe, who has a strong background in traditional financial environments says that his appointment at Ukheshe represents the significant shift in the traditional and fintech spaces: “New technologies are expected to change the local landscape as emerging trends accelerate and traditional...