FPESA Offers Solutions to Currency Exchange Headaches

By Moses Adongo

Have you been struggling to exchange currencies at the cheapest pricing? FPesa is providing you with the perfect opportunity to discover, negotiate, book, settle and transact foreign currencies at your convenience.
The platform, which was developed in 2016, also helps Small and Medium-sized Enterprises to transfer money in the form of USD, GBP, Euro among other currencies to and from any of the participating banks or mobile money platforms like PayPal.
The application is one of the most significant innovations by the MarketWorks Limited, a Kenyan firm that is involved in developing foreign currency applications mainly for emerging economies. FPESA is designed to harmonize forex exchange process without disrupting the user’s accounting operations. It expedites the process by executing several transfers at ago in a secure online transaction while reconciling the user’s account.
The platform provides users with real-time currency prices from participating foreign exchange bureaus and commercial banks making it easy to find the cheapest quote in the market at the particular time of need, thereby, has moved to cure the unfair and or manipulative currency pricing brought about by non- existence of a free market in foreign exchange.
Since its launch, the platform has been able to convert over USD1.5 million and was earlier this year named by PayPal and Village Capital among the 12 African Fintech companies that took part in the inaugural fintech accelerator program sponsored by the duo in Sub- Saharan Africa.
FPESA is also a member of the Nairobi Garage business network, joining other companies like Carlsberg, Trama TecnoAmbiental (TTA), mdundo.com, Opera Software, Jambonet, GSM Systems, Cloud9xp among others.

Visit FPESA’s website on https://fpesa.co.ke

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