Pesapal, a prominent player in developing payment and business solutions for the African market, has seamlessly incorporated PesaLink into Openfloat. This integration enhances Openfloat, an affordable and unified solution designed to efficiently handle expense payments across various channels, recipients, and currencies.
The integration of these two cutting-edge solutions will streamline and expedite fund disbursements for businesses. According to Agosta Liko, CEO of Pesapal, by leveraging the PesaLink infrastructure, which is connected to multiple banks, Pesapal aims to enhance its services and become part of a burgeoning payments ecosystem that facilitates seamless business transactions and adapts to the rapidly evolving payments landscape.
“As the digitization of payments gains momentum, the integration of PesaLink into Openfloat enables us to enhance the payment experience and democratize merchant payment options. Merchants now have broader payment options.” Mr. Liko said.
“We are leveraging the power of collaboration in the payment ecosystem to deliver tailored, scalable products that customers have come to expect while facilitating seamless payment experiences.”
Openfloat serves as a comprehensive business solution, effectively digitizing various financial processes such as petty cash management, payroll, and corporate bill payments. This solution empowers businesses, particularly Small and Medium-sized Enterprises (SMEs) and large organizations, to conveniently distribute funds, settle bills, and purchase bulk airtime from a single platform. Notably, businesses can now disburse payments through multiple channels including pay bills, tills, mobile numbers, and bank transfers, all managed from a unified account.
Regulated and licenced by the Central Bank of Kenya as a payment service provider, Pesapal processes over 12 million transactions monthly and is on track to connect a million African entrepreneurs to e-commerce, digital payments and the global financial system by 2030.
Merchants using Openfloat enjoy various benefits, which include payouts to bank accounts and mobile money. One can view transaction reports and track their cash flow in real time.
PesaLink is a real-time interbank money transfer platform that allows users to send and receive money from their banks to other banks and mobile money wallets. It provides 24 / 7 real-time payment services for the banking industry in Kenya.
