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 by the start-up comes on the back of recent announcements by banks that they will significantly reduce their charges for SASSA grant beneficiaries, and increase the number of pay-points they can use to collect their grants. Now, uKheshe, a micro-transaction platform that allows QR card-holders to perform financial transactions such as receiving payments and making withdrawals, has also joined the fight to help reduce the damaging impact of the virus.

Read the full article https://www.itweb.co.za/content/xA9PO7NZGod7o4J8

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