Intelligent CXO Issue 21 | Page 38

with ample opportunity to collaborate with other FinTech enablers like Ukheshe .
Emerging markets and beyond
Ukheshe has carved out its niche by providing FinTech-as-a-Service , enabling expansion by delivering the common fabric behind FinTech propositions in emerging markets . We offer the ability for banks , telcos and FinTechs to scale rapidly . We are in the process of increasing our African presence , expanding upward into North Africa . This will be engineered through strong partnerships with banks , telcos and card providers .
The launch of RPP in South Africa , which is grounded in the SARBs Vision 2025 and a collaborative effort by participants in the payments ecosystem , will provide an alternative for cash payments and combined with proxy services – such as using a mobile number to initiate a payment – will further enable new payment options .
Expanding reach through partnerships
We are proud of the partnerships built with Nedbank , Halo , Gratifii , Paycorp and Digital Paygo , which will assist in growing our strategic alignment with various payment associations .
More recently , Ukheshe International , the UKheadquartered division of the Ukheshe Group , announced the conclusion of an investment agreement that will help accelerate its international expansion . The investment was led by ADP III , a fund advised by Development Partners International ( DPI ), a premier , Africafocused investment firm , alongside funds advised by Fireball Capital , a leading South African venture capital firm .
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