Founded in may 2010, and dubbed as Africa’s PayPal, the 2012 Forbes top 20 African startups aims to make payments in Africa convenient by allowing merchants to accept payments via mobile money and credit cards. Africa is a big market for mobile money, PesaPal allows merchants to power their shops using its platform.
Apart from proving a simple, safe and secure way for individuals and businesses to make and accept payments in Africa. PesaPal also works with banks, Mobile Network Operators and payment card firms to give consumers as many payment options as possible. It also has PesaPal SchoolPay, to allow parents pay for their kids school fees from their comfort of their homes. It’s other platform Ticketsasa, an online ticketing platform helps event organizers accept payments days before the event itself.
PesaPal is available in Kenya, Uganda, Tanzania, Botswana, Zimbabwe among others. The firm’s expansion challenges local African firms to serve the pan-African market than just their neighbors. Kenya’s Seven Seas Technologies has also expanded across the continent.