This revolutionary payment system was founded by Agosta Liko who is also the CEO of Pesapal. He reckons that, Africa is almost completely cut off from the online consumer market and still Africans don’t have a bank account or credit card that make online payments possible. Thus, most Africans can’t buy anything online.
Liko developed a payment system tailor made to Africans;online payments with the popular banking system. Liko connected the mobile payments to the internet and called
It Pesapal. PesaPal is making great strides in bridging the mobile and electronic payment divide in Kenya and is set to expand to more African countries
This is how pesapal works: the web vendor registers at Pesapal, and leaves a phone number to which the payments can be made. The buyer, who also registers, wires the money to the number and receives a text message confirmation once the money has been received in a matter of seconds. The goods can be followed with a track and trace tool and the web vendor can check the latest status of all the transactions online. For the first time Liko focuses his pesapal on Kenya and the online consumer market. In future he wants to make pesapal available for the rest of the African continent. He wants to include travel organizations, hotels and event organizations. Then services like school fees and insurances will follow, and salaries and microcredits will be made possible too.Thumbs up to pesapal for making online payments easier for Africa.
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