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Mukuru, a leading remittance and financial services provider in Africa, is revolutionising access to financial tools for underserved communities.
By enabling seamless money transfers, bill payments, and more, Mukuru is empowering individuals to participate in the economy and build financial stability.
Key outcomes
16 million+ people
empowered with access to secure financial services
32% growth
in transaction volumes within the first year
250 million transactions
processed in over 60 countries
Bridging the gap for Africa’s underserved communities
Operating in over 20 African countries, Mukuru is dedicated to breaking down the barriers of traditional banking systems that leave millions without access to essential financial services.
By recognising the unique challenges faced by underserved communities, Mukuru delivers tailored solutions designed to empower individuals and families to thrive financially:
- Migrant workers sending money home.
- Families managing daily expenses.
- Small businesses seeking reliable financial tools.
Their commitment is clear and unwavering: to champion financial inclusion by creating opportunities for everyone, no matter the limitations of infrastructure, geography, or circumstance, and to pave the way for a more equitable financial future.
Seamless money access with prepaid cards
In partnership with Paymentology, Mukuru introduced Mastercard-backed prepaid cards, transforming how millions access and manage their money. These cards are designed to provide unparalleled convenience, offering users benefits such as:
- Instant access: Receive funds in seconds and use them for ATM withdrawals, online shopping, or in-store purchases, anytime, anywhere.
- Cost efficiency: Say goodbye to costly remittance channels with a more affordable way to manage money.
- Global reach: Make payments effortlessly at any location that supports card transactions, unlocking freedom and flexibility for users.
How Paymentology powered Mukuru’s vision
Built on the strength of Paymentology’s advanced multi-cloud platform, Mukuru turned its vision of financial inclusion into a reality. By launching its Mastercard-backed prepaid card programme in South Africa with Standard Bank, Mukuru empowered millions to take control of their finances.
Key highlights of this collaboration include:
- Financial inclusion at scale: Millions of unbanked individuals now enjoy secure and reliable access to financial services, transforming their everyday lives.
- Enhanced operational efficiency: Real-time transaction processing and instant fund disbursements ensure a seamless and satisfying user experience.
- Scalable growth: Armed with Paymentology’s powerful platform, Mukuru is set to expand its transformative offerings across Africa and beyond.
Together, Mukuru and Paymentology are shaping a more inclusive financial future, one transaction at a time.
Driving tangible impact
Mukuru has made a profound difference, touching over 16 million lives by providing secure and reliable financial services to previously unbanked populations. With more than 250 million transactions processed, the company’s expanding reach is a testament to its growing influence and ability to scale.
By offering real-time disbursements, Mukuru has enhanced user satisfaction and built trust within the communities it serves. Additionally, its innovative prepaid card solutions have become essential tools for both personal and business financial management, simplifying lives and enabling growth at every step.
Find out what Programme Management can do for you
Discover how Paymentology’s Programme Management solutions can help you design, launch, and scale impactful card offerings, powered by advanced technology and unmatched global expertise.
