Former incubatee Kopo Kopo, a global leader in mobile money-based merchant solutions, has launched PayEasy in partnership with Diamond Trust Bank (Uganda). With PayEasy, retail merchants in Uganda can now accept customer payments at the point of sale via Airtel Money and MTN Mobile Money using a single, unified account – a first in East Africa.
“We’re thrilled to launch such an exciting service in partnership with Diamond Trust Bank,” says Kopo Kopo CEO Ken Kinyua. “We share a common vision, and that is to make mobile money convenient, effortless and indispensable for customers and merchants alike.”
With PayEasy, merchants have access to a suite of web-based tools for monitoring payment activity, requesting electronic statements and settling funds to their bank account in real-time. PayEasy merchants also receive a free starter kit that includes branding and education materials to sensitize their customers and employees.
To pay a merchant via PayEasy, customers simply let the cashier know if they will be paying via Airtel Money or MTN Mobile Money, and then the cashier initiates the payment by entering the purchase amount and customer phone number on a their phone. The customer is then given an opportunity to review the details before confirming the payment.
“Kopo Kopo has been serving thousands of merchants throughout Sub-Saharan Africa since 2010,” says Kinyua. “We launched the first merchant aggregator and cash advance businesses in the mobile money industry and are thrilled to now launch the first interoperable merchant wallet in East Africa. It’s an exciting time to be in the industry and we proud to be at the leading edge.”
To sign up for a PayEasy account or learn more, simply call or visit any Diamond Trust Bank branch in Uganda.
With the mobile money spreading across East Africa and the whole world, Kopo Kopo is the company to watch out for.