iKhokha and OTT Shake Hands to Help Business Owners and Customers Alike
By combining their strengths, iKhokha and OTT are offering South Africans greater financial independence than ever before.
iKhokha, recognised as one of South Africa’s most promising fintech companies, has established itself as a leader in the industry by continuously developing cutting-edge financial technology solutions tailored to the diverse needs of businesses.
OTT Vouchers, on the other hand, have emerged as a beacon of hope for millions of unbanked South Africans, providing them with a secure and reliable means to participate in the digital economy using cash. Through OTT digital cash vouchers, customers can now engage in various online activities, such as shopping, investing, sports betting, bill payments, and insurance.
Thanks to their partnership, business owners can sell OTT vouchers via their iKhokha card machine using the iK Prepaid service. This aids in their work to close the gap between business owners, unbanked consumers and the digital economy.
They can also trade using the free iKhokha app, recently recognised for the Best Financial Solution award at the MTN App of the Year Awards.
How to Buy an OTT Voucher from iKhokha: Simple Steps
- Visit a business owner with an iKhokha card machine and ask for an OTT Voucher.
- Choose a voucher amount that suits your requirements.
- The seller will generate your OTT Voucher using their iKhokha card machine.
- Use the 12-digit Voucher PIN printed on the voucher slip to load money into various online accounts, just like you would with an airtime slip.
Empowering Businesses with Financial Inclusion
OTT Vouchers allow merchants to access a wider customer base in South Africa, opening their products to cash-based consumers who prefer to shop online or send and collect money without using the traditional banking system.
Prepaid vouchers aren’t the only way iKhokha is diversifying payment options for SA’s SMEs. From the onset, iKhokha has created credit card machines for small businesses and long-standing enterprises alike. Here’s where they, like OTT Vouchers, differ from the banks: low transaction rates, zero contracts and no monthly rental fees. Once you buy it, it’s yours.
Their two card machines accept all major credit cards, including those issued by Visa and Mastercard, as well as debit cards, and mobile payments issued by Apple Pay and Samsung Pay.
Although it started with card machines, it doesn’t stop there. iKhokha’s first-to-market iK Tap on Phone allows business owners to accept card payments using their Android smartphone and the free iKhokha app, further levelling the playing field for accessible payment solutions.
The team at iKhokha is well aware of the digital marketing possibilities for small and growing businesses. That’s why they’ve released a full business suite of online payment solutions, including payment links, digital invoices, and an ecommerce payment gateway.
iKhokha is committed to bridging the financial gap and empowering businesses of all sizes to thrive in the digital era. Achieving this means partnering with innovative companies like OTT and continuing to push the boundaries on payment technology for the greater good of South Africa’s small business economy.