ADVERTISEMENT
TechEconomy
Thursday, June 5, 2025
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home ยป Flash Group and Ecentric join forces to Boost Financial Inclusion in South Africa

Flash Group and Ecentric join forces to Boost Financial Inclusion in South Africa

With over two decades of experience in South Africaโ€™s informal retail market, Flash Group has built a network that serves more than 25 million cash-based consumers.

Staff Writer by Staff Writer
October 8, 2024
in Fintech
0
Flash Group and Ecentric
Flash Group | Ecentric

Flash Group | Ecentric

RelatedPosts

Remita at NESA -

Digitalisation Key for Nigeriaโ€™s Economic Advancement, Says โ€˜DeRemi Atandaย 

June 4, 2025

Unity Bank, AfriGo Explore Collaboration to Deepen Access to Electronic Payments

June 2, 2025

Flash Group, a prominent player in digital payments and financial services and Ecentric, a leading payment solutions provider, have joined forces in a new strategic partnership set to transform the payment landscape in South Africa.

Together, they will focus on expanding access to financial services, particularly through the integration of 1Voucherโ€”a prepaid payment voucher that converts cash into digital currency.

This partnership aims to create greater opportunities for both merchants and consumers, driving financial inclusion in South Africa, by making it easier for cash-based customers to engage in the modern economy.

Speaking about the partnership, Ruan Geyser, general manager at 1Voucher, highlighted the significance of this collaboration:

โ€œWeโ€™ve always aimed to make peopleโ€™s lives easier through technology, and this partnership with Ecentric allows us to extend that vision even further.

Ecentric’s integration with several of South Africa’s largest retail partners positions our partnership to provide valuable access to these markets.

By integrating 1Voucher into Ecentricโ€™s payment ecosystem, weโ€™re opening doors for cash customers whoโ€™ve historically been excluded from digital payments.”

With over two decades of experience in South Africaโ€™s informal retail market, Flash Group has built a network that serves more than 25 million cash-based consumers.

Driven by a vision for a more inclusive and connected economy, the company expands opportunities for businesses and cash-based customers by providing innovative payment solutions and services.

This collaboration with Ecentric is another step toward expanding their reach and offering even more value to merchants and consumers alike.

Together, the aim is to work to meet the changing needs of customers, and ultimately drive product and service access to everyone, everywhere.

Inge Oosthuizen, Product Owner at Ecentric added:

โ€œPartnering with Flash Group aligns with our mission to deliver innovative, secure, and accessible payment solutions, meeting consumers where they are at. By offering 1Voucher as a payment mechanism, weโ€™re empowering consumers who prefer to use cash while providing merchants with access to an untapped customer base.โ€

The technical integration is designed to be straightforward, opening up new customer segments without requiring significant changes to existing point-of-sale infrastructure.

The user experience is created to allow individuals to digitise their cash through purchasing a 1Voucher at any retailer within the 1Voucher network.

Subsequently, they can use their 1Voucher 16-digit PIN to complete in-store transactions, without the need for a bank account or credit/debit card.

When using 1Voucher as a payment method in-store, consumers benefit from enhanced security, as thereโ€™s no need to carry cash. Instead, they can rely on their 1Voucher slip, which holds the equivalent value.

Additionally, customers can effortlessly send a 1Voucher to loved ones at no cost by sharing the 16-digit PIN via SMS, WhatsApp, email, or the 1ForYou app, eliminating the transaction fees often associated with cash transfers.

Ecentric will also be enabling its merchants to accept 1Voucher as tender online in the future.

With Ecentric already processing 20% of South Africaโ€™s card transactions and serving as a trusted payments partner to 65% of the JSE listed retailers, this collaboration represents a broader movement towards bridging the gap between cash and digital payments in South Africa, offering secure, convenient, and inclusive solutions for all.

For merchants, integrating 1Voucher as a payment option means reaching new customers who were previously reliant on cash-based transactions and also provides consumers with a safe, cash-free way to make in-store purchases.

As the collaboration unfolds, both companies emphasise that this is just the beginning of their efforts to innovate in the payments space.

They plan to continue exploring ways to make transactions more accessible and convenient for all South Africans.

Loading

Advertisements
MTN ADS

0Shares
Tags: 1VoucherEcentricFlash GroupFlash Group and Ecentric
Previous Post

#StartupSouth9: Harnessing Innovation for Global Business Growth

Next Post

Okra Introduces Nebula: Africaโ€™s Own Cloud Solution

Staff Writer

Staff Writer

Related Posts

Remita at NESA -
Fintech

Digitalisation Key for Nigeriaโ€™s Economic Advancement, Says โ€˜DeRemi Atandaย 

by Latifat Fashina
June 4, 2025
0

At the 2025 NESA Economic Discourse, held at the University of Lagos, Mr. ‘DeRemi Atanda, managing director of Remita Payment...

Read more
Unity Bank | AfriGO

Unity Bank, AfriGo Explore Collaboration to Deepen Access to Electronic Payments

June 2, 2025
PalmPay Unveils โ€˜Passing the Batonโ€™ CSR Initiative

PalmPay Unveils โ€˜Passing the Batonโ€™ CSR Initiative

May 29, 2025
Interswitch Group at 2025 Africa Soft Power (ASP) Summit in Nairobi, Kenya

How Interswitch Group Deepens Homegrown Innovation

May 29, 2025
SANEF and CIBN

SANEF, CIBN Partner to Expand Agency Banking Certification

May 29, 2025
Access Bank BVN and NRBVN

Access Bank Opens NRBVN Registration for Nigerians in Diaspora

May 26, 2025
Next Post
Okra Introduces Nebula: Africaโ€™s Own Cloud Solution

Okra Introduces Nebula: Africaโ€™s Own Cloud Solution

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

ยฉ 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

ยฉ 2025 Techeconomy - Designed by Opimedia.

Translate ยป
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.