Sabipay Technologies, a subsidiary of fintech giant Pesapal Limited, has received a payments system business license from the Bank of Zambia. This license marks a pivotal expansion of Pesapal’s footprint within Zambia’s payments sector, enabling Sabipay Technologies to offer a comprehensive range of payment solutions tailored to diverse business needs.
With the newly granted license, Sabipay Technologies is now equipped to provide various payment services, including online payments, in-store payments via mobile money, and card transactions. This development is expected to enhance the efficiency and inclusiveness of Zambia’s electronic payments ecosystem.
Agosta Liko, CEO of Pesapal Limited, expressed that Sabipay’s introduction aims to deliver innovative, accessible, and user-friendly payment solutions. These solutions are designed to transform the financial transaction landscape for both businesses and consumers in Zambia.
Pesapal emphasizes that Sabipay Technologies will play a crucial role in modernizing how firms of all sizes in Zambia handle transactions. From small retail operations accepting mobile payments to large enterprises needing advanced online payment gateways, Sabipay’s offerings are set to meet a wide spectrum of payment requirements.
The fintech company is committed to revolutionizing the payments landscape across Africa. By 2030, Pesapal aims to connect a million African enterprises and customers to electronic payments, e-commerce, and national financial systems.
Regulated by the Central Banks of Kenya, Uganda, Tanzania, Rwanda, and Zambia, Pesapal, through its subsidiary Sabipay Technologies, is poised to drive significant advancements in the region’s payments infrastructure.
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