Pesapal, an outstanding digital payment platform has recently launched a
real-time settlement feature for merchants in Kenya to enable swift transfer of
funds.
This new feature offers numerous benefits to merchants, such as: faster
access to funds, improved cash flow management, reduced fraud risk, and
improved customer experience.
Real-time settlement empowers businesses, especially small and medium-sized
Enterprises (SMEs) and larger organizations, with the ability to manage their
finances effectively and make payments at the proper time.
Pesapal ensures that funds are instantly available to merchants, allowing
them to streamline their operations and make informed financial decisions.
“We are thrilled to introduce real-time settlement on the Pesapal
platform. From now on, our merchants will have quicker access to their funds,
ultimately improving the health of their business,” CEO and Founder of
Pesapal, Agosta Liko stated.
This feature aims to provide merchants with necessary financial acuteness to
succeed in the digital economy.
Merchants using Openfloat can take advantage of various benefits, such as
payouts to bank accounts and mobile money services. Moreover, they have access
to real-time transaction reports, allowing them to track their cash flow with
ease.
Read Also: Mastercard Has Introduced a New Tool for Cross-Border Payment Capabilities
Pesapal mission is to connect one million African entrepreneurs to
e-commerce, digital payments, and the global financial system by 2030. Availability
of a great presence across Kenya, Uganda, Tanzania, and Rwanda, allows the
company to process over 12 million transactions monthly.
The introduction of real-time settlement by Pesapal marks a significant step
forward in facilitating seamless and efficient digital transactions for
merchants in Kenya, further promoting financial inclusion and supporting the
growth of businesses in the region.
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