This archive report was first published on 19 August 2021.
Published on August 19, 2021, Pesapal Limited, a leading e-commerce and payment gateway, has achieved a significant milestone by securing accreditation as a Payment Service Provider in Kenya and an Application Service License for Tanzania.
These twin accreditations will enable consumers and businesses in Kenya and Tanzania to make and receive online payments seamlessly, driving the growth of e-commerce in the region.
The Central Bank of Kenya has granted authorization to Pesapal Limited as a Payment Service Provider (PSP) to carry out Payment Gateway Services in compliance with the National Payment System (NPS) Act, 2011, and NPS Regulations 2014.
In Tanzania, the company has received the National Application Service License (AS) from the Tanzania Communications Regulatory Authority (TCRA), allowing Pesapal to operate in the country.
Pesapal's Chief Executive Officer, Mark Mwongela, noted that the pandemic has accelerated the drive towards digital payments, and the company is innovating to meet emerging customer trends like e-commerce.
"We are excited about the regulatory approvals. This demonstrates our commitment and ambition to impact the online payments ecosystem. I believe this will enable e-commerce businesses to grow and expand further in East Africa," Mr. Mwongela said.
With the Pesapal payment gateway, businesses will accept online payments seamlessly, while consumers will have access to a secured payment service, enabling them to transact online from the comfort of their homes.
Founded in 2009, Pesapal currently operates in Kenya, Uganda, Tanzania, Rwanda, Malawi, and Zimbabwe, offering e-commerce and point-of-sale (POS) payment processing support.
Pesapal's vision is to be Africa's safest and most convenient way to pay and get paid, leading as a reliable payment service provider in Africa that offers digital financial services for individuals and businesses.
