PesaPal is a service that enables anyone with an MPESA or ZAP mobile money account to buy goods and services from approved merchants. Why should people with credit cards and paypal accounts have all the fun? For the 6.5 million users of MPESA in Kenya, PesaPal will be a welcome service, particularly to those without credit cards, but do have MPESA accounts. Granted the number of merchants available right now is limited, as merchants sign up there will be lots of choices for buyers as to the services and goods they can order with their mobile phone and the web.

PesaPal is a product from Verviant Consulting, a company that has made inroads in the IT consulting business, providing end to end IT support. This new product ushers in a new form of commerce. The CEO Agosta Liko recently spoke to Capital FM in Nairobi regarding the advent of fiber optic cable in Kenya, and the new way to do trade online…

“I call it ‘new commerce’ because e-commerce was the era of credit cards and all. We will own this era where I should be able to pay for mangoes from Mombasa and pick them in Nairobi. I see it becoming the way by which we buy,” he projected.
Mr Liko said this development would most likely be driven by increased competition, the need to ease the cost of doing business and remain competitive.
“From this point going forward, people are going to see how they can make money from the internet, how you can save operational costs and how customers will be willing to pay on time,” he said.

I see this a tighter coupling of the mobile phone and the cloud. Something I have alluded to in the past . Its gratifying to see homegrown solutions to the problem of trading online in a seamless way, we need not wait for Paypal to get its act together and include sub-saharan countries, we can just get on with business.

Online merchants, click here to register your business to accept PesaPal, and friends in .ke, sign up here for the service. Developers, do not fret, here is the info you seek, on how to use the PesaPal API.

Disclosure: Liko Agosta is a close friend of ours, and I bum off of the Verviant offices bandwidth whenever I am in Nairobi. I was a pre-beta tester of PesaPal