Financial Platform Expands Digital Payments Across Africa
Through collaborations with groups like CADECOM and Yamba Malawi, the platform facilitates aid distribution to help communities rebuild after disasters.
JOHANNESBURG, South Africa— Mukuru, a leading financial services platform, is transforming aid and payroll delivery in Africa through its Enterprise Payments Platform (EPP), particularly benefiting underserved communities in Malawi and Zimbabwe, writes Peter Dube.
The platform partners with United Nations agencies and local organizations to distribute funds to disaster victims and marginalized groups in remote areas where traditional banking services are limited.
"We have evolved into a fully-fledged next-generation financial services platform catering to emerging African consumers' needs," said Michael Scott, Mukuru's head of group commercial.
"We're not just limited to remittances."
The company has become Southern Africa's largest international person-to-person money transfer organization, collaborating with agencies including the World Food Programme, WHO, UNICEF, and IOM.
In refugee camps, Mukuru operates semi-permanent distribution facilities equipped with tellers and satellite internet connectivity.
"Our tellers are recruited from among the refugees," Scott said.
"This initiative has created job opportunities while fostering stability and hope."
The platform's payroll solutions help businesses pay employees in remote areas without physical cash, while partnerships with organizations like Premier Tobacco Auction Floors ensure timely payments to farmers.
Through collaborations with groups like CADECOM and Yamba Malawi, the platform facilitates aid distribution to help communities rebuild after disasters.