Rapidly-growing fintech and mobile payment provider iKhokha will this week implement a mental health break for all employees.
The company will use the funds to expand access to electronic payment solutions, especially for underserved small and medium businesses.
The payments tech firm expands its financial inclusion efforts beyond the 500 million of the past five years, looking to bring a billion people into the digital economy.
Only 4% of transactions at informal retailers are card-based, research by the financial institution shows.
The local payments start-up won the Innovation Award at the 2016 MasterCard Innovation Forum in Budapest, Hungary.
iKhokha and MasterCard seek to boost payment card acceptance at micro, small and medium enterprises in informal settlements.
Mobile app and card-reader start-up iKhokha now offers cash advances to SME owners to help grow their businesses.
The payment solutions company offers its MasterPass digital commerce platform in store through the iKhokha app.
Emerge Mobile offers a card payment acceptance solution for merchants, for use with iOS and Android smartphones.?