Ukheshe and KCB Bank Kenya
Ukheshe Confirms Global Expansion of its FinTech Operations
Ukheshe set to expand its fintech operations across the Middle East, Europe and Asia Pacific. The move comes on the back of partnerships in various African countries including Kenya, Zimbabwe, Zambia, Namibia, Nigeria, Malawi, Botswana, Angola, Tanzania, Rwanda, Burundi, Democratic Republic of Congo, Mozambique and Ghana. In addition to collaborating with numerous blue-chip banks, telcos and fintechs, Ukheshe has built strong alliances with Mastercard while acquiring two companies and raising just under R100m within a two-year period. “We will continue to look for potential acquisitions in these new markets to further support Ukheshe’s growth and strategy as we pursue our goal of reaching unicorn status within the next three years,” says Clayton Hayward, CEO of Ukheshe. “Ukheshe is ex...
Ukheshe Partners with KCB to Boost Payment Services in East Africa
Ukheshe has partnered with the Kenya-based lender KCB Bank Kenya to issue both physical and virtual banking cards across East Africa. According to Victor Ndlovu, VP of Ukheshe Africa, the deal will include other innovative digital products such as QR issuing and acquiring. “By joining forces with KCB we are well-placed to address several open-loop market opportunities while boosting wider consumer adoption. Payment options across various segments will benefit such as payroll, companion cards, multi-currency prepaid cards, travel cards and gift cards, together with social security and other government benefit programs such as insurance claims.” Ndlovu says financial inclusion remains a massive challenge in the region and across the continent where millions of people are either unbanked or s...
