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E-commerce and payment company Pesapal Limited has been accredited as a Payment Service Provider in Kenya and an Application Service License for Tanzania, amid the acceleration of the online payment industry in Africa, which has been growing since the beginning of 2020.
In a statement, Pesapal says the milestones will enable consumers and businesses in the two East African economies to make and receive online payments seamlessly.
Kenya’s Central Bank has already granted authorization to Pesapal Limited as a Payment Service Provider (PSP) to carry out Payment Gateway Services in compliance with the law.
In Tanzania, the company has received the National Application Service License (AS) from Tanzania Communications Regulatory Authority (TCRA), effectively enabling Pesapal to operate in the country.
Commenting on the twin milestone, Pesapal Chief Executive Officer Mark Mwongela said the pandemic has accelerated the usage of digital payments.
He added that the firm is innovating to meet …