Financial inclusion – the multifaceted concept that encourages access to formal financial services at affordable costs to everyone – has been a buzzword for the past few years and, with recent market research indicating there are around 40 000 unregistered credit providers in South Africa alone, this gives room to a formal credit market.
Fintech companies like Delter and NuPay, both a division of JSE-listed Altron, have been at the forefront of providing integrated technology solutions that not only have fraud prevention capabilities and backup solutions to equip merchants with their payment and collection needs, but a complete creditors management system to ensure customers have the best technology partner to transact securely.
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