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Ukheshe has announced the appointment of Victor Ndlovu as its new Vice President for Africa and Paul Opie as Head of Issuing for Ukheshe Africa. Both appointments come as the fintech innovator continues to branch out from its South African roots into Africa. Joining Ukheshe from Wirecard South Africa, where he was responsible for driving regional business development, Opie says he is looking forward to working on local solutions that meet local market requirements and expanding them more broadly. “The challenges in the African payment industry as well as current global trends presents an opportunity for us to provide cost-effective payment acceptance infrastructure, such as QR code or mobile, rather than POS. Increase in acceptance creates trust and limits the want to withdraw cash from AT...
Mastercard, Nedbank, and Ukheshe have launched Third-Party Processing Services (TPP) in South Africa which will give everyday businesses access to prepaid and virtual cards. Clayton Hayward, CEO of Ukheshe, says that through Ukheshe’s innovative payment solutions, businesses in South Africa can now issue virtual prepaid cards to employees or customers. Providing recipients with improved financial freedom where they have the option to earn rewards, incentives, and have a secure card that can work anywhere in South Africa while building brand association. Ukheshe will leverage Mastercard Processing, which enables it to launch secure prepaid payments programs to its customers with greater speed, flexibility, and convenience. Through this new relationship, prepaid products will be processed th...