Korba, a wholly Ghanaian-owned multichannel and interoperable digital payments platform from Halges Financial Technologies (HFT) was adjudged Leading Fintech Solution of the Year at the Ghana Fintech Awards 2022.
Korba stood out among the others particularly because it drives financial inclusion by providing their customers easy access to a wide range of bespoke services; saving them time to do the things they cherish most.
The citation awarded to the company read: “Your Company was recognised for providing an array of solutions in the local market to overcome the unbanked and underbanked ratio and prevent barriers to financial access”.
The awards event was jointly organised by Ghana Fintech and Payments Association and Arkel Consult and Management Services, and also saw several players and personalities in the fintech industry winning laurels and being celebrated for their role in driving last-mile solutions, promoting Ghana’s competitive advantage in the FinTech space, and working toward building a resilient and inclusive financial system for economic growth.
In addition to the Leading Fintech Solution of the Year award, the Founder and CEO of Korba, Nelson Korshi Da Seglah, also walked away with the Fintech Personality of the Year (male category) award on the night.
Da Seglah’s award was in recognition of his presence within the fintech ecosystem and contribution toward financial inclusion.
Driven by the candid belief in People, Purpose and Possibilities, Korba is made up of highly experienced professionals who identify the best opportunities in any given situation – and are able to create unique solutions to peculiar challenges or needs relevant in the economic and finance space with regard to funds collections and disbursement.
Korba is a Bank of Ghana-licenced enhanced payments enabling and management service provider. It is therefore integrated with all banks (including rural banks), all mobile network operators and insurance companies in Ghana: therefore making the platform a one-stop-shop for digital payments, collections and management, as it aggregates various products and utility service providers onto one platform.
The Korba model offers customers the convenience of completing financial transactions (purchases, settlements, bill payment, premiums payments, contributions and dues) without having to visit premises of service providers, thus saving them time.
Using Korba comes with no hidden charges. Detailed transaction history is available for reconciliation, and clients receive instant notification after transactions. With simplicity and continuous improvement as the company’s hallmark, Korba provides easy access to its services without any complications. In line with this, Korba enables its clients to make payments via a unique USSD Short Code (*365#) designed to suit customers’ needs without using the Internet.
Korba’s services are available on WhatsApp via 0242426186 and also on the Korba App downloadable on both Play Store and Appstore.
Leveraging distribution technology to ‘carry’ a wide-range of financial products and services to the last-mile customer, transactions on Korba are delivered through a mobile money wallet, Visa or Mastercard bank or credit cards of choice (Self Service); or via Korba’s network of agents across the country (Assisted service).
The platform currently hosts 5,000+ active agents and over 300,000 registered customers. “Korba is neither a wallet, a bank nor a payment system. Korba is an ENABLER,” the company said.
Its founder and CEO, Nelson Da Seglah – a Ghanaian Information Systems Engineer and an e-business specialist, quit his role as an Executive Manager of UT Bank to start Korba in 2014 to fulfil his vision of saving Ghanaians 50,000+ man hours by cutting away queues and human interactions which delay financial transactions. He has since never looked back.
Korba can be reached via their Facebook, Instagram, Twitter and YouTube, all under the name of Korba365.