Ukheshe has officially changed its name to EFT Corporation. The move combines Ukheshe’s cutting-edge digital solutions and EFT Corporation’s broad reach and deep knowledge under a single brand, making it a leading force for financial inclusion in Africa.
Why Ukheshe Rebranded to EFT Corporation
After acquiring EFT Corporation in January 2024, Ukheshe rebranded it as EFT Corporation, the first step in the organization’s aim to change financial services across the continent.
From Ukheshe to EFTCorp, the merged entity’s skills and resources will improve its ability to offer innovative payment solutions to a broader market. Since the takeover, the company has improved its technology, making it a fintech powerhouse.
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Ukheshe’s rich history of innovation, which began with its objective to deliver electronic payments to individuals without bank accounts, continues under one EFTCorp.
Introducing Africa’s first virtual card for WhatsApp transactions, enabling Telkom Pay’s digital payments wallet, and developing Telkom mPOS, a mobile POS solution for small businesses, Ukheshe has onboarded many fintechs and significant brands since its founding.
To democratize digital payments for micro-merchants, Ukheshe strategically bought Masterpass developer Oltio in 2020, rebranding it as Scan to Pay in 2023. In addition to its BaaS platform, Ukheshe has helped Diamond Trust Bank (DTB) and MTN enable cross-border money transfers across Africa.
EFTCorp continues Ukheshe’s excellent history of innovation, which began with its objective of delivering electronic payments to individuals without bank accounts. Introducing Africa’s first virtual card for WhatsApp transactions, enabling Telkom Pay’s digital payments wallet, and developing Telkom mPOS, a mobile POS solution for small businesses, Ukheshe has onboarded many fintechs and significant brands since its founding.
To democratize digital payments for micro-merchants, Ukheshe strategically bought Masterpass developer Oltio in 2020, rebranding it as Scan to Pay in 2023. In addition to its BaaS platform, Ukheshe has helped Diamond Trust Bank (DTB) and MTN enable cross-border money transfers across Africa.
In what ways has Ukheshe’s Eclipse API supported fintech growth in Africa?
Ukheshe’s Eclipse API platform has also revolutionized fintech, enabling financial service offers in Africa and the Middle East. Eclipse shows how Banking-as-a-Service (BaaS) may support financial inclusion by providing novel ways to combine financial services.
Ukheshe’s intense orange to EFT Corporation’s blue symbolizes trust, stability, and forward-thinking innovation. This colour change shows the company’s commitment to financial stability. EFT Corporation Limited will remain the combined entity.
With the renaming, EFT Corporation will strengthen its market presence and commitment to financial inclusion in major African markets. The new brand identity and motto is “Together we are stronger.” Together, we are Banking Beyond Tomorrow, emphasizing the company’s objective of leading digital payments.
We are pleased with Ukheshe. EFT Corporation’s facelift marks a new age of growth and opportunity. We want to establish a seamless digital payment ecosystem that benefits banks and individuals in the digital economy.
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Digital, instant, all-digital money transfers and payments are inevitable. If crypto and mobile money rails move away from banks and regulators, they will lose a lot. Banking must innovate faster and partner more to stay ahead. A successful digital partner is EFT Corporation.
EFT Corporation CEO Clayton Hayward is discussing Africa’s digital potential. In May, industry leaders, innovators, and stakeholders defined fintech in Africa at the first ‘Banking on the Future’ conference. EFT Corporation advocates for a digital-first financial ecosystem that enables firms and individuals to exchange ideas and discuss fintech sector concerns.
EFT Corporation, rebranded Ukheshe, focuses on financial innovation and customer experience by offering innovative payment solutions. The company’s technology infrastructure includes digital wallets, mobile payments, and innovative financial services.
EFT Corporation’s strategic partnerships and innovation enable it to manage the changing financial services sector and grow across Africa and beyond, leveraging its excellent technology infrastructure and industry knowledge.