The National Bank of Rwanda licenses Pesapal as a Payment Service Provider (PSP)

The National Bank of Rwanda licenses Pesapal as a Payment Service Provider (PSP)

On 15 May 2023

Kigali, Rwanda May 15, 2023, Pesapal, a leader in building payments and business tools for Africa, is today announcing that the National Bank of Rwanda (BNR) has licensed it 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.

Many businesses in Rwanda 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.  

Leonard Towwet, Country Manager, Pesapal Rwanda, said, “We will provide Rwandan businesses with stand-alone POS terminals that can accept payments in-store. And our online payment gateway allows easier integration on business websites supporting mobile money and card transactions.” 

The policy goals of the Rwanda Fintech Strategy 2022 - 2027 - promote customer-centric financial inclusion and financial sector development to drive economic and social transformation in Rwanda through fintech development and position Rwanda as a regional financial center. 

Agosta Liko, Pesapal Group CEO and co-Founder said, "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.” 

About Pesapal Ltd 

Thousands of businesses and customers trust us to simplify and secure their payments. Founded in 2009, we're the leading payment services company with local know-how in building payment and business tools for Africa. Pesapal has 300+ people in 5 African countries – and we're adding more. We're on track to connect a million African entrepreneurs and customers to e-commerce, digital payments and the global financial system by 2030.  

Pesapal is regulated by The Central Bank of Kenya, Bank of Uganda, Bank of Tanzania and The National Bank of Rwanda. 

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