South African fintech Ukheshe rebrands to EFT Corporation

Ukheshe, based in South Africa, announced the acquisition, noting that the deal will provide the firm with access to new technologies and opportunities in a diverse market, improving exposure to different clients.

Ukheshe says such collaborations allow banks and fintechs to more effectively compete with leading mobile network carriers moving into financial services.

In the past year, identity theft has skyrocketed – a worldwide trend that has not gone unnoticed by the public.

Striking a balance for fintech innovation and a healthy industry.

The lab will lead product development, and several other projects, such as looking at ways to give the company’s legacy tech more longevity.

Key emerging trends in the sector are helping to drive meaningful financial inclusion across the continent, notes Mark Dankworth, President of Business Development Africa at Ukheshe.

From looking at innovation differently to creating an enabling environment for it to thrive, Paul Carter-Brown, CTO and director at leading Banking as a Service and embedded finance enablement partner, Ukheshe, says the company’s Eclipse platform is paving the way towards a cashless future.

Fintech enabler looks to expand to new markets and says Africa’s payments, Fintech ecosystems remain under-developed.

Companies have established alliance to boost cardless cash withdrawals at Cash Express branded ATMs.

Mark Dankworth, President Business Development Africa at Ukheshe, shares his thoughts on how mobile money, cross-border payments and ‘buy now, pay later’ are transforming the financial sector, particularly in emerging markets, for the better.

The start-up company enters a new partnership with global next-generation card solutions and digital security company, dzcard.