South African fintech enablement partner Ukheshe Technologies says that it has started to process payments for Mastercard’s Track Instant Pay solution recently launched in the Middle East and Africa region.
“It safely and intelligently authorises immediate payments to a supplier once a supplier submits an invoice,” says Paul Selibas, President: Channel Solutions at Ukheshe. According to the paper, suppliers receive an email indicating they have a virtual credit card payment. The supplier must click a hyperlink from the issuing bank, log in and manage credentials to that bank account to see the full number. They then see a list of invoices that are being paid in a different portal.
Source: Tech Daily Report (techdailyreport.net)
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