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, NPS Regulations 2014.
Founded in 2009, Pesapal provides a simple, safe and secure way for individuals and businesses to make and accept payments in Kenya
“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 provides a simple, safe and secure way for individuals and businesses to make, receive and manage payments, as it visualizes to be Africa’s safest and most convenient way to pay and get paid.
The CEO added that Pesapal responsibility is to be a leading Payment Service Provider in Africa, which offers Digital financial services for individuals and businesses.