Absa Group Limited (AGL), in partnership with PureSoftware, have launched a 
digital wallet, Spark by Absa in Botswana. In addition, AGL have successfully 
migrated their Timiza mobile banking offering in Kenya to the Arttha platform 
powered by PureSoftware. 

    Spark by Absa is an innovative bank account that lives outside the 
traditional bank branch and is available from any device. Spark by Absa enables 
financial transactions for both Absa's customers and non-customers.

    Spark allows users to easily make and receive payments, pay bills, buy 
airtime, withdraw cash at any Absa ATM, and transfer cash from Spark into 
another bank account. In addition to the Spark features, Timiza customers can 
also save money with goal-based savings, apply for pre-approved loans and more.

    Since customers pay only for the transactions they make, Absa's digital 
wallet offering is a cost-effective, inclusive product for individuals and 
Small and Medium Enterprises (SMEs). 

    Commenting on the launch, Manoj Puri, Chief Information officer for Africa 
Regional Operations, said: "Spark by Absa and Timiza are an innovative product 
designed to conveniently fit into customers' lives. These offerings enable 
users to bank seamlessly between virtual money and bank accounts, and bank 
anywhere on any device. As such, it's perfectly suited to anyone looking for 
low-cost, high-functionality banking on the move. The Spark by Absa rollout and 
Timiza migration also supports our response to the COVID-19 pandemic and 
evolving consumer preference, as it encourages alternative payment methods to 
cash."

    Manoj Puri, added: "As a financial services provider, we help to create, 
grow and protect our customers wealth, while playing a shaping role in Africa's 
growth and sustainability. We are excited about the potential of Spark to give 
individuals and SME owners convenient, frictionless control over their finances 
and transactions. Spark has tremendous potential to expand the reach of the 
banking system and offer inclusive services to a broad segment of the Africa's 
population."

    "We at Arttha have been driven by the objective to expand access to finance 
in emerging markets and are excited to team up with Absa to achieve this common 
goal," said Manish Sharma, Chief Executive Officer of PureSoftware. He further 
added, "Arttha's modern payment, digital lending and agent banking solutions 
will allow Absa to provide a user-friendly experience to their customers in 
these countries over mobile apps and USSD, which will enhance their customer 
service, efficiency, and growth. We take pride in getting this opportunity to 
help make banking services easily accessible and accelerate financial inclusion 
in Africa."

    About Absa Group Limited:

    Absa Group Limited ('Absa Group') is listed on the Johannesburg Stock 
Exchange and is one of Africa's largest diversified financial services groups. 

    Absa Group offers an integrated set of products and services across 
personal and business banking, corporate and investment banking, wealth and 
investment management and insurance.

    Absa operates in 14 African countries. The Group owns majority stakes in 
banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South 
Africa, Tanzania (Absa Bank Tanzania and National Bank of Commerce), Uganda and 
Zambia and has insurance operations in Botswana, Kenya, Mozambique, South 
Africa, Tanzania and Zambia. Absa also has representative offices in Namibia 
and Nigeria, and securities entities in the United Kingdom and United States. 

    About PureSoftware and Arttha:

    PureSoftware is a global software product and services company that focuses 
on driving a differentiated customer experience, accelerating cycle time, and 
improving business outcomes through the integration of digital solutions, 
robotic automation, and non-linear commercial models. Arttha, from 
PureSoftware, is one of the fastest-growing financial technology platforms. It 
helps businesses embrace digital solutions in the areas of consumer and MSME 
banking, agency/ branchless banking, digital lending, payments, and merchant 
management. Delivering value for almost a decade, Arttha's microservices-based 
cloud-ready architecture is increasingly the choice of banks and fintech 
service providers looking to expand their digital offerings.

    Media Contact:
    Amitabh Chaudhary
    amitabh.chaudhary@puresoftware.com

    Logo: https://mma.prnewswire.com/media/1450649/PureSoftware_Logo.jpg 
     
    Source: PureSoftware