Mastercard Partnership

5 ways Mastercard's investment and mutli-year partnership with SAVA will benefit SMEs in Africa.

“Mastercard's recent decision to leverage SAVA's Payment Transaction System to provide companies in South Africa, Nigeria, Kenya and Egypt with innovative expense management tools is a game-changer for SMEs in Africa. Here are a few work streams we are super excited about and the impact we can have on the continent”

Kolawole Olajide

SAVA, CEO

1/5

Accurate MCC Categorisation

Utilizing vast datasets comprising hundreds of millions of transactions, Sava aims to develop specialized spending categorization models tailored to different sectors. These models will enhance the precision of transaction categorisations and mitigate the risk offraud stemming from discrepancies in Merchant Customer Codes. Consequently, SMEs will have the capability to establish comprehensive spending guidelines for cards, incorporating multiple criteria such as location, time, merchants, amounts, and categories.

2/5

SME Lookalike Models

By clustering spending patterns across SMEs, we can enhance predictive capabilities for identifying cost-saving opportunities, develop extensive databases for fraud detection, create more effective partner rewards programs, and provide increased visibility for service providers renowned for their consistent excellence. For instance, consider a bursary management company utilizing Sava. They can now identify the optimal airlines for transporting learners, select durable laptops at the best prices based on historical service quality, and analyse spending patterns across the continent to inform their decisions.

3/5

User-Friendly Financial Statements

Using conversational interfaces, Sava empowers business owners and finance teams to interact with their financial data in meaningful and insightful ways—no expertise in query languages required. Sava users can ask detailed questions about their financial statements, from performance comparisons to trend analysis and outlier detection. The conversational interface quickly processes data, providing accurate insights effortlessly.

4/5

Hyper-Personalised Loyalty Programes

One-size-fits-all loyalty programs are outdated. African businesses need tailored rewards that evolve with their spending trends. Through our Mastercard partnership, we leverage a dynamic network of reward nodes, creating value by aligning incentives with real-time spending habits. By combining machine learning with Mastercard's rich data, we deliver hyper-personalized rewards that make businesses feel seen and valued.

5/5

Receipts Matching + Accounting

Sava empowers accountants to save valuable time and resources through cutting-edge OCR technologies, streamlining receipt processing for precise categorization. It facilitates mailforwarding to automatically link receipts to transactions and sends timely reminders to staff for pending submissions. With Sava's assistance, accountants can focus on automating reconciliations while entrusting the platform to handle the laborious tasks of receipt tracking and follow-ups, allowing for a more efficient workflow.