Boost for SMEs as Pesapal Introduces Real-Time Settlement of Payments in Kenya
A Nairobi shopper uses a Pesapal Sabi POS to make payments in a Niqnaq shop. Sabi POS is a countertop PDQ machine built with modern retailers and platforms in mind. Customers can tap, insert and swipe, while the merchants will instantly receive payment in their bank accounts.
By: John Kariuki
Pesapal, a leader in building payments and business tools for Africa, has introduced real-time settlement for merchants in Kenya, enabling fast transfer of funds into their accounts.
Through Pesapal’s e-wallet Openfloat, merchants who use the Pesapal platform can receive funds faster.
Real-time settlement offers several benefits to merchants, including quicker access to funds, improved cash flow management, reduced risk of fraud, and better customer experience. The development, therefore, empowers businesses, especially Small and Medium Sized Enterprises (SMEs) and large organizations, with the flexibility to manage their money and make time-sensitive payments.
Speaking during the launch, Pesapal CEO and Founder Agosta Liko said this new feature ensures that funds are available to merchants immediately, enabling businesses to streamline their operations and make better 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.” Pesapal Group CEO Agosta Liko said.
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.
Pesapal has a footprint across Kenya, Uganda, Tanzania and Rwanda. The organization 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.
Similar Posts by The Mt Kenya Times:
- Diaspora Times Global Oct 17 – Oct 23, 2026
- Is social media a blessing or a curse for university students?
- Light at last: How electricity is reshaping Nandi and Uasin Gishu
- The triple squeeze: how EPRA’s fuel price hike is reshaping the survival equation for the common mwananchi
- Zelenskyy accuses Trump of rewarding Putin as Pope pleads for peace from a hospital bed
About the Author
