Ukheshe, Paycorp target new level of cashless Fintech
A partnership between Fintech enablement partner Ukheshe and global payments provider Paycorp has enhanced service rollout by ATM Solutions, a division of Paycorp.
As a result of the alliance, ATM Solutions, which owns and operates over 4000 Cash Express branded ATMs, will add rich embedded functionality to its fleet of ATMs enabling customers to make cardless cash withdrawals.
Clayton Hayward, CEO of Ukheshe, said, “Cardless withdrawals allow customers to access cash conveniently from their mobile wallet without using a card. Initiated securely in a mobile wallet such as MTN Momo or OzowMe, a transaction is completed at a Cash Express ATM using the mobile number and one time PIN to withdraw cash.
“Our goal is to financially empower as many people as possible by improving and addressing financial inclusion within emerging markets,” said Hayward. “As a global embedded finance enabler with the focus of providing innovative digital payment solutions, we democratise digital financial services through the accessibility of disparate technologies. And this partnership is another way we are doing exactly that.”
Wayne Abramson from Paycorp added: “Our fundamental purpose is to extend financial inclusion, connecting more people to their money. Our clients span formal and informal retailers in both metro and rural environments, where we operate ATMs in the retail, hospitality and transportation sectors and provide an offering to the under-serviced. We are passionate about providing people with convenient access to cash, even in the most remote areas, placing ATMs close to where people live, work and shop.”
“Together with Ukheshe, we’re making cardless withdrawals from any mobile wallet available to ATM users – in the most convenient way possible.”
The partnership enriches Ukheshe’s cardless withdrawal offering through its Eclipse API to seamlessly integrate payments, transactions, transfers, and other digital solutions into their businesses.
Hayward said: “It’s great to be in a partnership with a leading payments provider in not only Southern Africa, but also central and Eastern Europe and the United Kingdom. This will allow our existing clients to improve and build upon their current propositions within our Eclipse API. Together, Ukheshe and Paycorp will continue to provide secure payment solutions to customers throughout Africa with the aim to expand into other regions across the globe.”