The diversity in going about online payments securely without a hustle is something that has slowly and steadily taken to the strides in Africa over the times. The need to connect Africa to the world is something that has seen great efforts rise in the past few years. Doesn’t it fascinate you how paying for a taxi ride using your mobile phone is easier in Nairobi than it is in New York?

When Agosta Liko decided to relocate from the US back to Kenya to start something, his ideas along with the team at Verviant a software development company in Nairobi gave birth to turned out to be PesaPal which was subsequently founded in 2009 and is today enabling Kenyans to make online payments smoothly.

Agosta Liko, CEO PesaPal, at the Quartz Africa Innovators Summit 2016 in Nairobi. (George Kamau/Quartz)

PesaPal is a payment gateway for online and mobile payments. The platform provides a simple, safe and secure way for individuals and businesses to make and accept payments in Africa. PesaPal payments work on the Internet and directly on the handset.

PesaPal Escrow features protect buyers and sellers by giving them a chance to verify the quality of goods and services before releasing payments. PesaPal partners with Banks, Mobile Network Operators, and Credit Card companies to give consumers as many payment options as possible. For businesses, they offer a timely settlement of any payments to their bank account of choice.

Last Year, PesaPal launched its own point-of-sale system (POS) to rival similar products from PayPal, Shopify and Square. The point-of-sale systems enable business owners to accept payments more conveniently and help the firm tap into the growing usage of payment cards to ramp up its income. The POS system is it allows merchants to extend their online stores offline and still continue executing transactions giving users the ability to sell goods or services in the real world.

In an interview in 2010, the CEO of PesaPal Agosta Liko affirmed that the Nairobi-based aggregator for online and mobile payments will steadily grow and become stronger when it comes to financial Inclusion and bridging mobile and online payments  in Kenya and it is coming to pass.

PesaPal now largely serves corporates but is gradually diffusing focus on the micro, small and medium enterprises (MSMEs), a market segment it hopes should account for 80-90% of its revenues in the next two years. This here is rivaling our own Dusupay.

How does Pesapal work for you?

Business-wise, the platform helps merchants locally, across Africa and the world by connecting traditional banking to regional mobile money services like MTN Mobile Money MPESA and Airtel Money and credit card option – along with World Remit and MTN. With the addition of Visa, MasterCard, Amex and American Express that have paved way for instant money transfers from credit cards, PesaPal gives you the ability to use all these accounts and do online payments smoothly.

On a personal basis, PesaPal gives you the ability to do a variety of things from paying for services online, paying your bills, doing top-ups on airtime. The platform gives you a detailed flow of your transactions to enable track your expenditures and transactions. Yes, you can use Pesapal to securely make payments and receive payments for your goods or services with Mobile Money, Visa and Mastercard.

Over the times since its inception in 2009, PesaPal is making great strides in bridging the mobile and electronic payment divide in Kenya and has expanded to other African countries in a short period of time.

How secure is PesaPal?

This is by far the most fear folks have (Even myself) when they are using any online payment module simply because they are not sure who may blame for any loss or how they will account for losses. Pesapal is a PCI-DSS Level 1 certified, ensuring that all systems and information involved in the payment process is kept secure, and can be trusted with sensitive payment information.Pesapal is also a PCI-PIN compliant, ensuring that the highest level of Personal Identification Number (PIN) security is maintained throughout the card-processing cycle.

To further make you trust PesaPal and overcome the freight of using the payment platform, Pesapal uses the same security standards that banks use. The services are monitored and verified by Symantec for Malware and vulnerabilities.