Through a partnership with Digital PayGo, Ukheshe’s SME in-a-box solution is making observable improvements to the lives of millions of people in Zambia. These changes include making business owners’ transactions easier and giving more people access to financial services.
Digital PayGo, a local Zambian fintech company that is enhancing the digital payment space for SMEs and driving a mobile-first approach, is the first partner to utilize Ukheshe’s SME in-a-box solution fully and offers a variety of virtual financial services to its customers. Digital PayGo is also the first partner to use Ukheshe’s SME in-a-box solution.
Mark Dankworth, President of Business Development in Africa at Ukheshe, says, “We are so proud to be the technology partner enabling Digital PayGo in their partnership with Zambian bank Zanaco and Mastercard to implement this solution.” “We are so happy that Digital PayGo’s partnership with the Zambian bank Zanaco and Mastercard is made possible by our company’s technology.”
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“In accordance with Mastercard’s vision of enabling 50 million small and medium-sized enterprises by 2025, the relationship between Ukheshe and Digital PayGo was a natural fit, given our shared values of driving financial inclusion with relevant solutions that address the requirements of both individuals and businesses. It is pretty thrilling to think that we would be able to make a change of this magnitude in the ecology of merchant payments in Zambia.
SME in-a-box is a set of services that lets businesses accept both virtual and physical card payments, as well as tap-on-phone (SoftPOS) and QR payments; digital onboarding; instant access to funds for money transfers and payments; and the issuance of virtual cards. All of these features are powered by Ukheshe’s award-winning Eclipse API.
According to Charity Mwanza, Chief Executive Officer of Digital PayGo, the benefits go far beyond simply offering this feature to customers and businesses, no matter how handy it may be.
“SME in a box – Lipila Na PayGo will cater to the urgent demand of small and medium-sized enterprises (SMEs), which is to make and receive payments in a frictionless manner while preserving a track record of all transactions, thereby enabling reporting and access to financing. We are confident that the solution will not only boost access to financial services and the number of people who can take advantage of them but also foster more faith in digital financial products.”
More about this Partnership
One thing that will eventually help Zambia reach its goal of becoming a cashless society is the ease with which small and medium-sized businesses (SMEs) can do business due to the security and convenience of mobile and digital financial solutions, primarily through Ukheshe.
This is an essential step toward Ukheshe’s ultimate goal: to become a global embedded finance enabler whose primary goal is to improve and fix financial inclusion in emerging markets by offering cutting-edge digital payment solutions.
“The primary objective of Ukheshe is to broaden access to various technological platforms to make digital financial services more democratic. According to Dankworth, “our technology has already improved financial access in locations across the continent, and we believe this partnership will do the same in Zambia and other emerging markets—changing the lives of millions of people for the better.”
About Ukheshe
Ukheshe Technologies is a global financial services enabler focused on digital innovation. They were developed in 2018 as a digital platform focusing on SMMEs to improve and address financial inclusion within South Africa.
About Digital Paygo
Digital PayGo is a financial technology company established in Zambia that offers solutions for shared agent banking and mobile merchant payments. A passion for interoperability and collaboration drives the company.