Read from our blogs

Get updated with latest technology news from vApp Team.

NEWS

Ukheshe launches prepaid payments programme with Mastercard and Nedbank

Ukheshe will leverage Mastercard Processing, which enables it to launch secure prepaid payments programmes to its customers with greater speed, flexibility and convenience. Through this new relationship, prepaid products will be processed through Mastercard’s platform which represents the latest in state-of-the-art processing solutions, with safety and security as top priorities. The platform helps businesses quickly […]

Continue reading

Ukheshe named finalist in Ecobank Fintech Challenge

SMME digital banking platform Ukheshe has announced it is a finalist in Ecobank Group’s 2020 Ecobank Fintech Challenge. Now in its third edition, the challenge is designed to deepen collaboration between Ecobank and fintech firms with African-focused products. Ukheshe is one of three South African businesses in the top 10 finalists out of a pool of 600 fintech entries. […]

Continue reading

Mastercard Start Path selects uKheshe for international accelerator

Digital banking platform provider for SMMEs, uKheshe, has been selected to join Mastercard Start Path, an engagement programme for later-stage scaling start-ups. Launched in 2014, Start Path is Mastercard’s start-up engagement programme that brings together a network of innovators from across the globe to shape the future of commerce. As an industry-wide collaboration, Start Path convenes […]

Continue reading

Digital banking platform Ukheshe selected for Mastercard Start Path programme

DURBAN – Ukheshe, an SMME digital banking platform provider, has been selected to join Mastercard Start Path, an exclusive startup engagement programme for later-stage scaling startups. Ukheshe’s technology platform helps banks and telcos provide affordable digital banking and payment services (BaaS). With client acquisition, onboarding and distribution costs that are a fraction of traditional merchant accounts, […]

Continue reading

The Dawn of a New Dimension: Including Women by Design

As a payment technology leader with global insights, Mastercard has invested significantly in understanding women’s financial priorities, and mapping out those priorities across different life stages. After all, a specific position in time often influences our need for specialised support and ingenious innovations – in sportswear as much as financial solutions. Just think of the […]

Continue reading

uKheshe offers free transactions for grants during COVID-19

Micro-payment platform uKheshe has, in partnership with Mastercard and Nedbank, announced it will be free to social grant users during COVID-19 for a 90-day period. SA has 11.3 million for South African Social Security Agency (SASSA) grant beneficiaries and uKheshe says it wants to assist NGOs and government departments with an alternative and cost-effective solution for mass disbursements. The move […]

Continue reading

uKheshe, Nedbank, Mastercard offer free transactions for grant disbursements during Covid-19

CAPE TOWN –In anticipation of millions of recurring grant recipients over the next three- to six-month period, micropayment platform uKheshe, together with its key strategic partners, Mastercard and Nedbank, has announced that the uKheshe platform will be free to users during Covid-19 for a 90-day period. uKheshe chief executive and founder Clayton Hayward said this […]

Continue reading

uKheshe appoints new exec as it eyes Africa growth

To increase its user base across the continent and identify new business opportunities, uKheshe has appointed Mark Dankworth as executive director of uKheshe Africa. Introduced in November 2018, uKheshe is the micro-transaction platform that enables digital payments for the unbanked. Partnerships with Mastercard and Nedbank have enabled uKheshe’s functions. Referencing the Global Findex, uKheshe indicates […]

Continue reading

SA lags behind in cashless revolution

Cape Town – The World Health Organisation has said there is a likelihood that cash may spread the coronavirus and in order to help combat the spread South African banks are turning to cashless transactions. Mobile money transfers, online, debit and credit card transactions are being encouraged as opposed to cash. However, even as cashless […]

Continue reading

uKheshe, Africa Assist provide COVID-19 hotline

uKheshe has joined forces with Africa Assist, a private medical assistance company, to provide coronavirus (COVID-19) medical support, via phone, to users of the micro-payments platform.This as the number of positive COVID-19 cases in SA continues to escalate, with 1 686 confirmed cases and 12 deaths, to date. As a transaction platform, uKheshe enablesanyone without a bank […]

Continue reading

uKheshe and Africa Assist partner on Call4Care COVID-19 support service

Local microtransactions platform, uKheshe, has announced an initiative to help its customers during the current COVID-19 outbreak and national lockdown, partnering with Africa Assist to launch a dedicated hotline called Call4Care. Through uKheshe, users will have access to information about COVID-19, as well as a full 24-hour medical support service via phone, the firm explains. This service can […]

Continue reading

Transforming Africa’s cashless environment

Ukheshe steps forward as Africa’s only transaction platform able to leapfrog all consumers into the digital age of payments While significant measures have been put in place to combat the spread of Coronavirus disease (COVID-19), South African banks are turning to cashless transactions. Mobile money transfers, online, debit and credit card transactions are being encouraged […]

Continue reading

Simplifying digital payments for small businesses.

Entrepreneurs Clayton Hayward, Paul Carter Brown, Jason Penton and Mike Smits jointly run software development firm Gini Guru, which provides solutions to problems relating to transacting, payments and telecommunications. About 14 months ago, they took stock of their technical skills and realised that they had excess know-how which they could put towards corporate social investment, […]

Continue reading

Financial inclusion firmly on Africa’s agenda as uKheshe celebrates first milestone

JOHANNESBURG – A year since launching, uKheshe, South Africa’s cheapest and most convenient QR cash card and micro transaction platform, has left an indelible imprint on South Africa’s unbanked and underbanked. The start-up, with over 300 000 users to date, has forged ahead with its financial inclusion strategy, receiving high praise and global recognition. Clayton Hayward, co-founder […]

Continue reading

Mastercard, Ukheshe partner to grow informal businesses

Ukheshe, a payment system developed by four social entrepreneurs, marks another milestone in its short life today with the launch of a partnership with Mastercard. CNBC Africa caught up with Clayton Hayward, one of the founders and asked him about the journey to date. Watch the full interview https://www.cnbcafrica.com/videos/2019/12/04/mastercard-ukheshe-partner-to-grow-informal-businesses/

Continue reading

uKheshe and Mastercard partner to bring mobile payments to the unbanked

uKheshe, a locally developed financial inclusion platform, announced on Tuesday that it has further enhanced its offering to the unbanked by collaborating with Mastercard. The partnership aims to enable informal traders, street vendors and casual labourers to accept digital payments through Masterpass, Mastercard’s digital payment service. By combining their expertise and reach, the companies intend to […]

Continue reading

uKheshe partners with Mastercard, targets 11 million unbanked South Africans

CAPE TOWN – uKheshe has further enhanced its offering to the unbanked by collaborating with Mastercard to enable informal traders, street vendors and casual labourers to accept digital payments through Masterpass, Mastercard’s digital payment service. The domestically developed financial inclusion platform said in a statement on Monday that by combining their expertise and reach, the […]

Continue reading

Awards Wrap: Pendoring and MMA Smarties winners, New Media takes gold in the Big Apple; Moffie up for three BIFAs

SA’s Ukheshe wins global fintech hackcelerator The SA Reserve Bank has named SA’s Ukheshe and Canada’s MindBridge Analytics the winners of its 2019 Global Fintech Hackcelerator @ Southern Africa competition, a fintech acceleration programme that creates a platform for fintech firms to demonstrate their innovative solutions to the complex financial challenges in the Southern African region. In all, 95 […]

Continue reading

Ukheshe, Mindbridge named winners of SA Reserve Bank’s global fintech hackcelerator

The SA Reserve Bank (Sarb) has named SA’s uKheshe and Canada’s MindBridge Analytics the winners of its 2019 Global Fintech Hackcelerator @ Southern Africa competition. The global fintech hackcelerator, which is sponsored by KPMG Matchi, is a fintech acceleration programme that creates a platform for fintech firms to demonstrate their innovative solutions to the complex financial challenges in the Southern […]

Continue reading

uKheshe, MindBridge win SA leg of global fintech competition

The South African Reserve Bank (SARB) this morning announced that uKheshe and MindBridge Analytics are the 2019 Global Fintech Hackcelerator @ Southern Africa competition winners. This acceleration programme creates a platform for fintech firms to showcase solutions that are innovative, sustainable and address real-world financial services challenges. In August, the SARB partnered with KPMG Matchi […]

Continue reading

SARB announces 12 finalists for its fintech demonstration day

The South African Reserve Bank (SARB) on Thursday announced 12 financial technology (fintech) solutions to be showcased at its Fintech Demo Day, on October 29, in Johannesburg, when it would select the two winning solutions. The 12 solutions were identified through the Global Fintech Hackcelerator @ Southern Africa, which was the result of the SARB teaming up with financial innovation platform KPMG Matchi in August. The […]

Continue reading

Johannesburg-based Fintech Startup uKheshe Justifies USD 6.5 Mn Valuation With USD 500 K Seed Raise

South African fintech startup uKheshe has raised USD 500 K in seed funding (more than ZAR 7.6 Mn) from FiTech Ventures and Ocean on 76. The second investment for the Johannesburg-based firm, the funding brings its valuation to USD 6.5 Mn (ZAR 100 Mn). The funding comes 10 months since the financial inclusion platform was launched. The startup was initially […]

Continue reading

SA fintech uKheshe nets over R7m from investors on R100m valuation

Joburg-based fintech startup uKheshe has raised $500 000 (over R7.6-million at the current exchange rate) in seed funding on a valuation of R100-million, from FiTech Ventures and Ocean on 76. Ukheshe’s app, which was launched 10 months ago, enables users to make quick payments to individuals without the need of a bank account. It’s the second investment that uKheshe, which was founded […]

Continue reading

Africa is last growth frontier for fintech companies

Sub-Saharan Africa is one of the fastest-growing investment zones for financial technology companies, according the trade body that represents the interests of global mobile network operators. The GSM Association (GSMA) says in its Mobile Economy, Sub-Saharan Africa 2019 report that the region will remain the fastest growing worldwide. Predicting a total subscriber base of over 600 million […]

Continue reading

Sub-Saharan Africa all set to rise as a fintech hub

Sub-Saharan Africa has the potential to emerge as a fintech hub, providing solutions to millions of unbanked population Sub-Saharan Africa is one of the fastest-growing investment zones for financial technology companies according to new research, said Forbes. The GSM Association says in its Mobile Economy, Sub-Saharan Africa 2019 report that the region will remain the […]

Continue reading

uKheshe in the news: BusinessReport

uKheshe in the news: BusinessReport uKheshe launches affordable Health Benefits card that costs R99pm DURBAN – uKheshe, the QR cash card, has announced the launch of the uKheshe Health Benefits card, a medical aid solution that will cost R99 per month. Available from 1st of July, uKheshe Health offers a host of benefits that aim […]

Continue reading

Cashless Think Tank #8 Herman Singh: “Cashless Payment via Mobile Financial Services is Ubiquitous, Inclusive and Very Empowering”

Cashless Think Tank #8 Herman Singh: “Cashless Payment via Mobile Financial Services is Ubiquitous, Inclusive and Very Empowering” The future is cashless – this is what our Wirecard experts regularly report on this blog. But as we also find other perspectives exciting, we have asked various experts with different backgrounds for their insights, experiences and […]

Continue reading

How Mobile Solutions Are Paying It Forward

Mobile money services have not been very successful in South Africa. The new products for micro-payments must address the larger ecosystem of banks and retailers. Cash is still king in Africa and most parts of the world. Yet, we cannot ignore the continued growth of mobile offerings on the African continent, from the uptake of […]

Continue reading

Increased car safety in Parkhurst

PARKHURST – The 4th Avenue car guards were made official during the first phase of their launch which was supported and attended by various stakeholders. The initiative was attended by the Parkview CPF chairperson, Geraldine Connell, 4th Avenue traders, Cortac and NYPD security as well as Parkview Police Station members. The guards’ QR cards were attached to the back of their […]

Continue reading

Low card acceptance at informal enterprises despite high consumer demand – Mastercard research

Low card acceptance at informal enterprises despite high consumer demand – Mastercard research Around 96 percent of transactions are still conducted in cash among South Africa’s 1.5 million informal enterprises, despite strong interest in digital and card payments by consumers Mastercard issued this media release on 12 December 2017 and the trends we’ve seen have […]

Continue reading

6 challenges to financial inclusion in South Africa

South Africa is a country of well-known promise and peril. Despite being the largest economy on the African continent, the nation is plagued by high levels of unemployment, a poor education system and staggering income inequality. Underscoring the country’s struggle to translate its rich natural resources and other assets into social benefit, South Africa ranked […]

Continue reading

uKheshe: An app for the unbanked

Mobile payments and digital wallets have been on the rise in South Africa over the past few years and, most recently, Samsung Pay and Fitbit Pay were introduced. These services allow anyone with a smartphone or wearable device to load their bank cards on to a digital wallet. This is arguably safer than a physical wallet and enables users […]

Continue reading

uKheshe Takes Top Spot Award

The newly launched uKheshe app was awarded with top honours in Stuff Magazine’s yearly roundup of winning tech for 2018. Listed in the category for Do Good Apps, uKheshe was chosen by the Stuff team as their favourite app to do good and Pay it Forward.  Check out the December/Janury 2019 issue for all the […]

Continue reading

SA app uKheshe launched for micropayments

South African start-up Jini Guru has launched a smartphone app and QR card to allow users to make micropayments electronically, to a car guard for example, without the need to carry cash. The app, called uKheshe (which means “cash” in isiZulu), allows users to pay anyone who has an uKheshe QR card – and they […]

Continue reading

Pay it forward with uKheshe

South African startup Jini Guru would like to introduce uKheshe, a smartphone app and QR card that will make it easy for South Africans to pay it forward in everyday situations. Whether you want to tip your car guard, pay your gardener or help someone in need, uKheshe makes it quick and easy when you […]

Continue reading

Pay it forward with the uKheshe app

Can you remember the last time you had cash in your wallet? You should, because these days, it’s a significant and unusual event with most payments going digital and even mall parking machines accepting cards. Thanks to a new app called uKheshe, though, you’ll now be able to tip car guards or pay newspaper salesman […]

Continue reading

Stay informed with the latest on COVID-19 in South Africa here.