iK click phone, designed by iKhokha.
Local digital bank TymeBank has migrated its click-to-call customer base to the iKhokha click-to-call platform.
According to a statement, the move will give TymeBank’s business banking customers access to iKhokha’s suite of business tools, including cash advance products, sales reporting, business insights and online payment acceptance solutions.
Known for its card swiping machines and mobile point-of-sale devices, iKhokha has recently expanded its app-based product range to offer multiple payment options across online and brick-and-mortar commerce.
The ability of small businesses to accept smartphone payments is a boon to companies of all sizes. TymeBank says phone click technology, while still in its early stages, has the potential to play a key transformative role in driving financial inclusion across Africa.
“We believe that providing innovative solutions for South African businesses to truly realize their potential is a key contributor to the wider economy. To this end, iKhokha’s credentials speak for themselves.” said Greg Illgner, Chief Strategy Officer of TymeBank.
“Feedback from merchants so far has been positive, with many merchants who have completed the migration expressing satisfaction with the additional payment acceptance options, including e-commerce payment gateways, QR code and PayLink functionality, invoicing tools and business management dashboards. sales analysis.”
Now available to all TymeBank business customers, the iK Tap-on-phone service uses business owners’ smartphones to accept payments from customers, with no transaction limits and fast setup.
iKhokha said that since the startup was founded by co-founders Matt Putman, Ramsay Daly and Clive Putman in 2012, it has witnessed rapid growth in the local fintech sector.
A few weeks ago, TymeBank announced profits for the first month of December 2023.
The company said the partnership with TymeBank and other South African financial institutions further strengthens iKhokha’s position to positively impact the lives of South African entrepreneurs and small business owners.
“Despite the tough trading environment, our small business sector remains hugely resilient and we will continue to invest in our SME-focused financial services platform to help entrepreneurs and SMEs believe in better business and empower more local SMEs Get exposure to the digital economy,” said iKhokha CEO Matt Putman.
