The Rise of Women in Payments Africa
Increasing female representation in the financial industry is a crucial and natural step toward fostering growth and better serving women, who make up the majority of our global population. In Sub-Saharan Africa, only 37% of women have bank accounts compared to 48% of men. Addressing this disparity requires more female voices at higher levels to […]
Exploring Cross-Border and Remittance Trends in 2024
According to Worldometer, Africa is home to almost 1.5 billion people, with an average age of just 18.8 years. With such a young population, it’s no wonder that the adoption of digital technologies on the continent has reached such extraordinary levels, with at least one quarter of the population having access to the internet. Cell […]
Leading the way in BaaS Compliance
Despite South Africa’s reputation for crime and corruption, the country’s banking and fintech sector is regulated by a raft of robust compliance and legislative frameworks which keep banks, financial services providers and customers, as well as their transactions, safe and secure. Ukheshe, as a digital first financial services enabler, prioritises regulatory compliance as a cornerstone of its operations, fostering […]
Pioneering Fintech Innovation and Shaping the Future
Ukheshe’s story began with a simple question: How do you pay someone if you don’t have cash and they don’t have a bank account? The idea of bringing electronic payments to people without bank accounts might seem pretty straightforward, but it’s a game-changer for making finance more inclusive all over the world. It’s all about […]
The Rise of AI-Powered Personal Financial Assistants
Artificial intelligence (AI) and machine learning (ML) are permeating just about every aspect of our lives, even though we might not always be aware that they are there. Online chatbots and algorithms that determine what we see on our social media feeds are just two everyday examples of AI at work. Most of the trends within the financial services sector […]
Pioneering Inclusive Digital Financial Services & Empowerment
Women’s Economic Empowerment by the Women’s World Bank Women’s World Banking’s (WWB) mission is to put women front and centre in designing and rolling out financial products, services and policies to drive women’s economic empowerment. By promoting the creation of products for women by women, WWB is ensuring that women can find greater freedom through inclusion in mainstream […]
Who’s leading the fintech pack in Africa?
The local fintech bubble may have burst, with valuations becoming much lower as investors look for profitability and maturity instead of growth prospects, but there is still a lot of capital available. And for those ahead of the curve, there’s no slowing down, says Clayton Hayward, CEO at Banking as a Service (BaaS) and embedded […]
From exclusion to inclusion: the embedded finance revolution
On a continent such as Africa, with a large, rural population which has historically been underserved in the provision of banking and financial services, it is no exaggeration to say that embedded finance is transforming lives. Embedded finance and new, digital banking platforms are providing millions of Africans with access to the global economy, resulting […]
Demystifying cryptocurrencies: A beginner’s guide to understanding the world of digital money
In today’s fast-paced digital world, we have seamlessly adapted to tapping our phones for payments, shopping online with rapid delivery, and using apps for tasks like exercise tracking, language learning and ordering dinner. But one aspect of this brave new world continues to confound us, and that is the mystifying realm of cryptocurrencies. We generally […]
Ukheshe and Komuniti SA collaborate to make digital banking services more accessible
African communities have historically found innovative ways of collaborating and combining individual financial resources for the good of the many. Stokvels and funeral savings are just two examples of community initiatives to which everyone contributes and from which everyone benefits. These and other savings and community wealth creation mechanisms are often entered into without proper […]
Revolutionising customer experiences with omnichannel payments
As confidence in online shopping and e-commerce sites grows, more and more companies with products and services that exist and are available ‘in real life’ are also adding online availability to their offering. This is an effort to attract more customers with a seamless, omnichannel approach to browsing and buying. Defining Omnichannel Payments: Beyond […]
