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 as opposed to cash, which is a possible source of transmission.

Clayton Hayward, a co-founder of Ukheshe, a microtransaction platform, says that a move to a cashless environment is now possible for all South Africans regardless of income levels or banking status: “While the initial intent was to address the 11 million unbanked or underbanked, cashless transactions have gained momentum in light of the unprecedented global health crisis. Cash is a possible contaminant, making a cashless environment a preferred and safer option.”

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