African financial services firm Absa Group has launched a digital wallet, called Spark by Absa, in collaboration with PureSoftware.

Concurrently, the financial services firm has moved its Timiza mobile banking offering in Kenya to the PureSoftware-powered Arttha platform.

Spark by Absa, launched in Botswana, is a digital bank account that can be accessed from any device and enables both Absa and non-Absa customers to conduct financial transactions.

With Spark, customers can pay bills, make and receive payments, buy airtime, use Absa ATM to withdraw cash and transfer cash from Spark to another bank account.

On the other hand, Timiza customers will have access to Spark’s features as well as save money and apply for pre-approved loans and more.

Absa chief information officer for Africa regional operations Manoj Puri said: “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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“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.”

PureSoftware CEO Manish Sharma said: “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.”