Pesapal is a Nairobi, Kenya-based fintech company founded in 2009 focused on providing diversified payment solutions to the African market. Through its comprehensive platform, the company connects consumers, merchants, and financial institutions to drive digital payments adoption and financial inclusion.
Company
- OverviewFounded: 2009Headquarters
- : Nairobi ,
- KenyaFounder: Agosta LikoCEO
- : Mark MwongelaServing
- Regions: Kenya, Uganda, Tanzania, Rwanda, Zambia, Malawi, Zimbabwe and many other African countries
- Regulatory information: Pesapal has obtained a Payment Service Provider License from the Central Bank of Kenya (CBK) and has obtained the corresponding regulatory approvals in Uganda and Tanzania to ensure its legal and compliant operations in the countries in which it operates.
Products &
ServicesPesapal's Sabi POS terminal allows merchants to accept multiple payment methods such as M-Pesa, Visa, MasterCard, etc., and integrates NFC functionality and is compatible with near-field payment technologies such as Fitbit Pay and Google Pay. The terminal also integrates with point-of-sale systems such as Oracle Micros, Compulynx, and Microsoft AMX to improve transaction efficiency.
Pesapal offers a variety of online payment tools, including e-invoicing, payment links, and customized payment pages, allowing merchants to accept payments through their website or social media platforms. In addition, Pesapal offers APIs and plugins that make it easy for merchants to integrate payment functionality into marketplaces like Shopify.
Pesapal's mobile app allows users to pay bills, purchase airtime, book flights and event tickets, and more, all without fees. The app also supports QR code scanning and payment to improve the user's payment experience.
Openfloat is Pesapal's corporate treasury management tool that enables companies to digitally manage small amounts of cash, payroll, and bills, and achieve multi-channel, multi-currency fund distribution and real-time monitoring.
Pesapal provides customized payment solutions for retail, e-commerce, hospitality, gas stations and more. For example, integration with Oracle Hospitality helps hotels seamlessly integrate payment processing, online bookings, and real-time analytics.
Market Positioning &
StrategyPesapal is committed to driving the development of digital payments in Africa through technological innovation, with a particular focus on underserved and underserved regions. The Company expands its network to provide seamless payment solutions through strategic partnerships with banks, mobile network operators, and other key stakeholders. In addition, Pesapal focuses on localized marketing strategies, developing personalized marketing campaigns based on cultural, linguistic and economic factors in different regions to enhance user engagement and loyalty.
Neutral
EvaluationPesapal is a leading fintech company in Africa that has successfully driven financial inclusion in the African region with its innovative payment solutions and extensive service network. Its compliance efforts ensure the sustainability of the business. However, in the face of the diverse regulatory environment and rapidly changing technology needs in African countries, Pesapal needs to continue to strengthen compliance management and technological innovation to maintain its market leadership.
For more information, please visit the Pesapal website: https://www.pesapal.com/
