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There is a large annual remittance inflow and the costs remain some of the highest cross-border remittance payments charges in the world.

For centuries people have crossed borders to live, work, and trade.

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. Last year saw an unprecedented rate of change in the financial sector, with huge growth in the use of digital financial services. A

Dankworth says that despite Kenya’s continued innovation in financial services, thanks to mobile money platforms, a report from FSD Kenya suggests that between 2016 and 2019, traders received over 90% of their revenue in cash. “High transaction fees on many digital payment platforms, coupled with inadequate access to traditional banking infrastructure, have limited the greater adoption of digital payments, particularly in the more price-sensitive sectors of the market of the Kenyan and East African region.” As a leading fintech enabler, Dankworth says Ukheshe is providing financial serv...

Mar 8, 2021 South African digital fintech enablement provider, Ukheshe Technologies has confirmed it is expanding its operations internationally. Having established itself as a formidable payment technology specialist within the B2B sector, the company has set its sights on the Middle East, Europe and Asia Pacific. The move comes on the back of several successful high-profile projects and 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 add...