Xprizo, an iGaming fintech platform, has increased its payment service offerings by integrating with Kenyan network M-Pesa.
Xprizo is an all-in-one finance management solution that allows merchants to manage their payments all in one place. Xprizo also supports all major payment processors, making it simple to integrate your existing system.
M-Pesa is a money transfer service, payments and micro-financing service to be used on mobile phones. M-Pesa was launched in 2007 by Vodafone and Safaricom, and stands to be the largest mobile network operator in Kenya.
According to the companies, this collaboration ‘aims to bridge critical gaps in the payment ecosystem, notably facilitating seamless cross-border transactions and providing businesses with an invaluable tool for local operations.’
Due to this new partnership, Xprizo users can now deposit and withdraw funds using M-Pesa directly into their Xprizo wallet. From there, users are permitted access to a variety of services, from making transactions in international e-commerce environments to utilising wallet-to-wallet functionalities.
Businesses can integrate the full Xprizo wallet, enabling users to top up their accounts using M-Pesa or other integrated solutions.
Following that, consumers can make transactions from their Xprizo wallet to any Xprizo-registered merchant. Alternatively, end users have the option to pay directly via M-Pesa on a merchant’s website.
Xprizo CEO Richard Mifsud commented: “M-Pesa has fundamentally transformed how people manage money. Where Xprizo steps in is to expand that revolution into cross-border payments and corporate services – we’re very optimistic about the new addition to the Xprizo payment aggregator.”
