Pesapal, a company founded in 2009 with the purpose of providing a simple, safe, and secure way for individuals and businesses to make and accept payments in Kenya, was recently granted authorization by the Central Bank of Kenya to act as a Payment Service Provider (PSP). The authorization now allows Pesapal to carry out Payment Gateway Services in compliance with the National Payment System (NPS) Act, 2011, NPS Regulations 2014.
“We are delighted to have this authorization by the CBK. We will continue to enable payments for merchants and consumers,” says Mark Mwongela, CEO Pesapal.
Pesapal’s objective is to democratize payments by providing affordable, innovative, and customized payment solutions to businesses and consumers alike. The company has operations across Africa including Kenya, Uganda, Tanzania, Malawi, Zambia, and Rwanda and it seeks to become Africa’s safest and most convenient way to pay and get paid as well as a leading Payment Service Provider that offers digital financial services for individuals and businesses.