Pesapal Gets License To Operate In Rwanda

Pesapal, a startup focusing on online payments in Africa, has now been officially licensed by the National Bank of Rwanda (BNR) as a Payment Service Provider (PSP).

Pesapal Rwanda can now roll out affordable, convenient, and secure digital financial services, making it easier for Rwandan businesses and customers to make and accept payments.

In Rwanda, many businesses struggle to accept digital payments, making it difficult for them to grow and compete effectively. Pesapal Rwanda will provide digital payment solutions, including mobile money Application Programming Interfaces (APIs), online and Point-of-Sale (POS) systems, enabling cash deposits and withdrawals, execution of (Insert type) transactions, issuance/acquisition of (insert type) instruments, and money remittances.

Speaking after receiving the license, the Pesapal Rwanda Country Manager, Leonard Towwet, said that the fintech will provide Rwandan businesses with stand-alone POS terminals that can accept payments in-store.

“Our online payment gateway allows easier integration on business websites supporting mobile money and card transactions,” Leonard noted.

The policy goals of the Rwanda Fintech Strategy 2022-2027 – promote customer-centric financial inclusion and financial sector development and position Rwanda as a regional financial center.

“We have imagined and are passionate about building Africa’s digital future. Our on-the-ground team looks forward to working with the Rwandan authorities and customers to roll out digital tools for ticketing, reservations, and reporting that suit their needs,” Agosta Liko, Pesapal Group CEO and co-founder said, on his part.