Founded in 2010, Pesapal provides a simple, safe and secure way for individuals and businesses to make and accept payments in Africa. Pesapal payments work on the internet and directly on the handset. Pesapal Escrow features protect our buyers and sellers by giving them a chance to verify the quality of goods and services before releasing payments.
Pesapal partners with Banks, Mobile Network Operators and Credit Card companies to give consumers as many payment options as possible. For businesses, we offer a timely settlement of any payments to their bank account of choice.
Pesapal today announced the launch of its mobile Point of Sale (mPOS) solution dubbed Pesapal Sabi. Sabi allows businesses and individuals to process secure card payments in store or on the go via their Android mobile phones or tablets. Available in Kenya, Uganda and Tanzania, the product seeks to help businesses, from mobile sole traders and SMEs to large multi-location retailers, process card payments more efficiently. Currently, Sabi can process Visa and MasterCard debit and credit cards in both local currencies and US dollars.
These card payments will be processed over Bluetooth connections via Sabi mPOS terminals offered by Pesapal. The Sabi terminals are portable and can process over 250 transactions on a single charge. The terminals are able to process both chip and pin payments as well as NFC contactless payments. Business owners are then able to view their transaction histories and issue receipts for their payments via the Android Sabi app. Later versions of Sabi will support mVisa, M-PESA and American Express payments adding to the payment options businesses will offer their clientele.
Pesapal has primarily offered online payment solutions but by adding Sabi to its business products, we are it making it possible for more small businesses to respond to their customers’ preferred methods of payment. Speaking on Sabi, Pesapal CEO Agosta Liko said.
“We exist to bolster financial and digital inclusion in the markets we are in. We offer businesses freedom to access services that they have traditionally had more difficulty getting, either due to their size or volumes. With Sabi, we are doing this in the most accessible, affordable and mobile way available anywhere.
Sabi is also our way of taking financial services to the informal sector, a segment that has previously been underserved” Business can access Sabi online via PesaPal where they set up a business account and sign a merchant contract. They will then proceed to purchase their Sabi terminal which when delivered, will be set up for them and allows them to start transacting within 24 hours.