The local fintech will introduce its buy-now-pay-later solution targeted at small, medium and micro enterprises on Friday.
will tomorrow introduce its buy-now-pay-later solution targeted at small, medium and micro enterprises .
This will be followed by a mass launch in the fourth quarter, with plans to expand to other African markets firmly in place, it states. Teboho Twala, CEO and founder of Zakhaa, explains: “Your car breaks down in the middle of the month, you need a mechanic to fix it, and he says it will cost you R2 000, but you only have R500. Zakhaa allows you to pay the R500 now and then make an arrangement to pay the remaining balance of R1 500 over a period of three months. The payment system is able to capture this arrangement on the Zakhaa mobile card payment machine.
“We hope to help small businesses resolve their cash flow challenges in a seamless way by recovering funds that would ordinarily take too long to recover. Zakhaa FlexiPay enables small businesses to have credible trading track records, which allow them to grow and subsequently create employment,” adds Twala.
Zakhaa Flexipay Smmes Teboho Twala Gabriel Tumisang Buy Now Pay Later Azania Lifestyle
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