Oltio South Africa

Ukheshe has entered into an agreement to acquire Oltio, a digital payments platform that supports Masterpass – Mastercard’s QR payment service in South Africa with more than 300,000 merchants and billers. The use of QR codes in South Africa provides merchants of all sizes – from large retailers chains to individual shop owners and street vendors – a fast, secure and inexpensive way to accept payments. This deal is expected to strengthen Ukheshe’s partnership with Mastercard – combining its ability to solve local market pain points with Mastercard’s global scale, technology and payment expertise. Ukheshe will continue to provide the same support to the banks and other service providers that currently offer Masterpass, ensuring business continuity with no impact to consumer...