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 […]
Visas’ Kernel in the Cloud makes accepting card payments in Africa easier than ever
In recent years, the landscape of African payments has undergone significant transformation and the demand for digital payment solutions has increased significantly. In specific markets, contactless payments have swiftly become the preferred method of payment among banked customers, following the pandemic. Remarkably, this trend endures unchanged. Several new solutions such as Tap-on-glass made their local […]
So, what is Banking as a Service anyway?
A simple explainer to understanding the magic behind modern financial services. Few commercial sectors have undergone such a radical transformation in the digital era as banking and financial services. We’ve seen the advent of e-commerce, but shops still exist, in transport came e-hailing, but cars, buses and traditional taxis still exist, in the entertainment field, […]
How Ukheshe is elevating fintech through partnerships that drive innovation and growth
While it may seem noble to forge your own path, in the business world, statistics show that two heads are indeed better than one. Strategic partnerships are a catalyst for growth, and the tech world is no different: 95% of Microsoft’s commercial revenue comes through its partner ecosystem, for example, while a report in the […]
Exploring Fintech-as-a-Service and its impact on financial ecosystems
Few industries are evolving as rapidly as the financial services sector. Although traditional banks retain a fundamental role, their services are being eclipsed by innovative and disruptive fintechs developing new software, processes, interfaces and new products. Working together, fintechs, banks and other financial service providers (FSPs) are accelerating the speed of digital transformation in the […]
Bridging the funding gap for women-owned fintechs with Marina Dimova
There are many statistics that illustrate how far women have come in breaking through the upper echelons of the financial services sector, how much funding they have secured for their start-ups, and how much money their businesses generate or turn over. Taken in isolation some of these numbers are impressive, but taken in context, the […]
Ukheshe partners with Diamond Trust Bank to deliver BaaS in East Africa
Banking as a Service (BaaS) and embedded finance enabler Ukheshe has partnered with Diamond Trust Bank (DTB) to provide an innovative BaaS platform in East Africa. BaaS, the provision of banking products and services through third-party distributors, is expected to grow at a compound annual growth rate of a whopping 25% in some markets, and […]
The role of mobile money in economic liberation in Africa
Among the most significant developments in financial services over the past decade is the explosive growth of mobile money. Globally, these platforms are not just alternatives to traditional banking but are rapidly becoming primary financial conduits, especially in regions where banking infrastructure is sparse or non-existent. For many low to middle-income economies, financial inclusion has […]
Understanding user behaviour: Unravelling the psychology behind UI/UX design
Applying basic laws of human behaviour to our everyday commercial and recreational activities is nothing new. For example, the psychology of supermarket layouts has long been a practice of retail stores: Entice shoppers with brightly coloured fruits and vegetables; put popular products in the centre of the aisle and the shelf, forcing consumers to look […]
