">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Thursday, January 21, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Startups

SA’s iKhokha wins innovation award at the 2016 Mastercard Innovation Forum

Milcah Lukhanyu by Milcah Lukhanyu
4 years ago
in Startups
5 min read
0

iKhokha, South African mobile commerce provider, has won the Innovation Award at the 2016 Mastercard Innovation Forum in Budapest, Hungary.  iKhokha was recognised in the Innovation category for extending the acceptance of Masterpass, the digital payments service from Mastercard, into the face-to-face environment in South Africa for the first time.

iKhokha joined seven other Mastercard partners from the Middle East and Africa regions who earned top honours in the Inclusion, Engagement and Excellence categories.

Using a low-cost iKhokha mobile point of sale device and mobile app that is powered by Masterpass, 3500 Small and Medium Enterprises (SMEs) across South Africa can now accept digital payments, reducing their exposure to the risks and costs of managing cash.

Matt Putman, CEO of iKhokha says, “We are honoured to receive this award from the Mastercard global Innovation Forum judging panel. It serves as great validation for the hard work that the iKhokha team has put into driving digital financial inclusion for SMEs in SA. Our goal is to continue to grow acceptance for card and digital payments and help SA’s one million SMEs access financial services across digital, mobile, physical and retail sales, and onboarding channels.

To use Masterpass, iKhokha merchants ring up the sale on the iKhokha app on their smart phones, enter the transaction amount and generate a Quick Response (QR) code. Consumers simply open the MasterPass app on their mobile device, and scan the iKhokha merchants’ unique QR code.

iKhokha also recently launched a program in partnership with Mastercard to drive card acceptance and digital financial inclusion for SMEs in townships and informal areas.

READ  How Passnownow is disrupting Nigeria's poor access to education

“This is a richly deserved accolade for extending Masterpass’ acceptance beyond online stores into the physical retail world in SA for the first time,” says Anton van der Merwe, Head of Market Development for Mastercard, South Africa. “Thanks to iKhokha, South Africans can now make fast, seamless and secure digital payments in-store using the Masterpass app on their smartphones.”

Related posts

Cheerful young businessman in round spectacles and formal wear, checks newsfeed on modern smart phone, connected to wireless internet, has happy look as recieves positive news from colleagues

TransUnion partners SA’s financial marketplace, Fincheck, to make the credit application process easier and less frustrating

January 20, 2021
0

Autochek opens Accra office to bolster its customer acquisition efforts

January 20, 2021
0

Ghana’s Zeepay raises $940 000 seed capital from GOODsoil VC for expansion

January 20, 2021
0

Nigeria’s uLesson raises $7.5m series A for expansion into Eastern & Southern Africa

January 19, 2021
0

The Mastercard Innovation awards are intended to highlight the best examples of partners who introduce payment solutions that help drive financial inclusion, that engage consumers and demonstrate excellence.

More than 500 attendees from the Middle East and Africa, Central East Europe, Russia, Turkey and Ukraine who attended the two-day event, where they shared experiences and insights on the payment solutions of tomorrow and discussed the evolving needs of consumers and how technology is transforming their relationship with banks and businesses.

Readers 1,345

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Tags: startups
Milcah Lukhanyu

Milcah Lukhanyu

Milcah Lukhanyu covers daily news briefs at TechMoran. She is the person who will probably read your press release and get the story out of it or totally trash it. Send tips to [email protected]

Related Posts

Cheerful young businessman in round spectacles and formal wear, checks newsfeed on modern smart phone, connected to wireless internet, has happy look as recieves positive news from colleagues
Startups

TransUnion partners SA’s financial marketplace, Fincheck, to make the credit application process easier and less frustrating

January 20, 2021
0
Startups

Autochek opens Accra office to bolster its customer acquisition efforts

January 20, 2021
0
Startups

Ghana’s Zeepay raises $940 000 seed capital from GOODsoil VC for expansion

January 20, 2021
0
Education

Nigeria’s uLesson raises $7.5m series A for expansion into Eastern & Southern Africa

January 19, 2021
0
Startups

This VC firm is Calling for Changes to Cut-and-paste VC Strategy In Africa

January 18, 2021
0
Startups

Tizeti rolls out high-speed 4G LTE in Edo with N4000/month broadband service

January 18, 2021
0
Startups

Copia Kenya hosts MIT Global Entrepreneurship Lab project 

January 18, 2021
0
Entrepreneurship

Adam Molai’s JUA Kickstarter Fund Doubles to $2M to Kickstart African Entrepreneurship

January 15, 2021
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

kplc

Kenya Power Rolls Out A Smart Metering Project Across The Country

January 21, 2021

Customer Service Lessons From Leading Brands Including CarGuard’s Trevor Smith

January 21, 2021
123movies

4 Best Free Movie Streaming Sites In Kenya

January 21, 2021

Why Michelle Obama Is Trending On Twitter

January 20, 2021
Cheerful young businessman in round spectacles and formal wear, checks newsfeed on modern smart phone, connected to wireless internet, has happy look as recieves positive news from colleagues

TransUnion partners SA’s financial marketplace, Fincheck, to make the credit application process easier and less frustrating

January 20, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: