The term “microtransaction” has taken on negative meanings in recent years due to their prevalence in videogames, but in the finance world it speaks to the small purchases everyone makes daily. A focus on microtransactions in South Africa has won startup uKheshe the the 2019 Global Fintech Hackcelerator @ Southern Africa competition.
uKheshe revolves around the uKheshe Card, a simple QR code which can be displayed at an informal shop or even on a lanyard around the neck of someone running a stall. Customers can then scan this QR code through an app to pay.
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