Fintech firm Ukheshe acquires EFTCorp
The company acquires 100% of EFT Corporation in a deal that will see it scale its offerings across Africa and beyond.
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The company acquires 100% of EFT Corporation in a deal that will see it scale its offerings across Africa and beyond.
Landmark deal positions new group for market dominance.
Ukheshe International, a South African fintech enablement partner with an expanding footprint in key emerging markets, has acquired EFT Corporation, an Africa-focused payment and e-commerce solutions provider, from parent Loita Transaction Services (LXS), a pan-African payment solutions and financial switching provider.
There is a large annual remittance inflow and the costs remain some of the highest cross-border remittance payments charges in the world.