Dar es Salaam, Tanzania - 29th July, 2021 — Pesapal Tanzania is delighted to receive the National Application Service License (AS) from Tanzania Communications Regulatory Authority (TCRA).
The acquisition of this license which is under TCRA’s new converged licensing framework demonstrates Pesapal’s commitment to drive connected digital payments to consumers and businesses in Africa.
“Tanzania’s mobile penetration reached 85% by early 2020. Given the growth of mobile commerce transactions in this region, this license reinforces Pesapal objective to offer affordable, innovative, and easy to use solutions for small businesses and consumers alike.” said Bupe Mwakalundwa.
“Pesapal makes it easy for people and businesses to make, receive and manage payments. Pesapal partners with banks, mobile network operators and credit card companies to give its customers as many payment options as possible,” said Bupe.
Pesapal looks forward to collaborating with players in Tanzania to increase digital inclusion by enabling merchants to easily receive payments through various channels and making it simple and convenient for consumers to pay for products and services.
Founded in 2009, Pesapal currently operates in six African markets, namely Kenya, Uganda, Malawi, Zambia, Rwanda and Zimbabwe. Principally the financial technology (fintech) company offers e-commerce and point-of-sale (POS) payment processing support.
Pesapal’s vision is to be Africa’s safest and most convenient way to pay and get paid. The company intends to lead as a reliable payment service provider in Africa that offers digital financial services for individuals and businesses by providing alternative payments solutions for merchants and consumers.
Its operations in Tanzania will greatly support the national digital and financial inclusion agenda. In where it currently does business, Pesapal has significantly democratized payments by providing affordable, innovative, and customized payment solutions to businesses and consumers.
Founded in 2009, Pesapal provides a simple, safe and secure way for individuals and businesses to make and accept payments in Africa. Pesapal offers e-commerce and point-of-sale (POS) payment processing support.
Pesapal makes it easy for People and Businesses to make, receive and manage payments. Pesapal partners with Banks, Mobile Network Operators and Credit Card companies to give its customers as many payment options as possible.
The Tanzania Communication Regulatory Authority (TCRA) is Tanzania’s national body established to regulate telecommunications, broadcasting and postal services, to provide for the allocation and management of the radio spectrum, covering electronic technologies and other information and communication technology (ICT) applications in Tanzania. TCRA ensures that these sectors are technologically advanced, efficient and accessible.