South African Fintech Startup Ukheshe to Expand into Asia-Pacific Region
The expansion in the Asia-Pacific region will entail introducing key partnerships in the region. Ukheshe has been in constant pursuit of solidifying its ground with several financial services including Mastercard and several other high-profile telecommunication companies throughout Africa.
“Asia’s traditional banks and telcos have responded proactively to rapid disruption in the digital payments environment, they are challenged by constraints in building fully integrated SaaS platforms. “Ukheshe aims to partner with local institutions by offering credible, agile solutions in an ever-changing market. Our payment technologies also solve for the problems of expensive acceptance rails and carrying cash, particularly in markets within Asia-Pacific where digital wallets are expected to become the preferred online payment method over the next four years.”
Clayton Hayward, CEO of Ukheshe
Ukheshe’s expansion will be led by Donovan Drew who has been appointed as President: Asia-Pacific. Drew brings with him over 25 years of considerable experience in enterprise software, telecommunications, networks, outsourcing, services, security, and fintech solutions, representing various technologies across several industries. Along with this, Drew has led and built sales teams and territory plans while developing successful go-to-market strategies in international markets and concluding multiple large complex global enterprise deals.
“With an increased need for cost-effective digital payment solutions, our value proposition delivers an integrated solution platform for merchants, aggregators, retailers, banks, and their customers. We believe we can aid traditional players in re-securing some of their traditional flows by partnering with issuers and acquirers in a dynamic and constantly evolving environment. On the back of tremendous success in Africa, Asia-Pacific offers a similar opportunity to use our talent and experience to deliver world-class payment solutions.”
Donovan Drew, President Asia-Pacific
Ukheshe’s digital-first offering is underpinned by Eclipse. As an innovative orchestration framework layer, Eclipse enables single API integration to access multiple payment solutions with the inclusion of third-party products, allowing Ukheshe partners a variety of customizable payment products. The Eclipse API offers user authentication and KYC, virtual and prepaid cards, digital wallets, loan management, messaging, fraud detection, payments, eCommerce, Mastercard acquiring, issuing, all in one integrated credible payment solution.
