PREXPAL
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PREXPAL
Prexpal is a payment solutions provider with advanced POS systems for fast, secure transactions — plus vending and ticketing solutions that enable automated payment services.
Prexpal uses the trademark Waybank, the company’s former name.www.prexpal.com
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State of Financial Inclusion
Commercial Services
A strong concentration of financial services (+80%) in East Africa, mainly through agents, transport, and other informal channels in urban and economic zones.
Over 80% of the population lives more than 2 hours from a bank branch — just 0.14 bank branches and 0.19 ATMs per 1,000 km².
Electronic Money
All of these services are tied to electronic money operators, enabling secure digital transactions.
Nearly 13 million accounts generated about $182,029,432 in sector revenue in 2021.
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What Are the Problems?
Time & Efficiency
The proliferation of agents and payment points slows service down. Transactions become complex and inefficient.
Cash
Cash payments cost customers time, add complexity, and cause frustration — while exposing businesses to fraud risk and high costs.
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About Us
Provide access to inclusive digital payment solutions that simplify transactions for businesses and consumers. Enable easy integration of smart payment technologies like mobile money, QR codes, and digital wallets. Ensure secure, fast, and accessible payments for every economic actor in East Africa.
We’re building an ecosystem that simplifies how payments are made and accepted — through POS, vending machines, and ticketing technology that enables efficient, secure transactions.
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How It Works
Merchant Account
Lets merchants manage sales, vending machines, ticketing, and prepaid services.
Client Account
Gives clients easy, cashless access to payments, top-ups, and services.
Secure Transactions
Payment integration via smart cards, POS, QR codes, and mobile money.
Payment & Ticketing Machines
Supports POS, vending machines, and ticketing systems for water, bus tickets, and other prepaid services — fast and reliable.
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Business Portal
Client Connection & Transactions
Connect your clients and facilitate prepaid transactions through the Prexpal portal.
Machine Operation
Put our vending machines and retail terminals to work automating payments.
Integration & Development
Build your own system and integrate Prexpal’s payment solutions for automatic, secure transactions.
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Point of Sale (POS)
Automatic Notification
Get an instant notification whenever a sale goes through.
Accept All Major Cards
Take payment from every major card network at the point of sale.
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Development Roadmap
Join us on the journey, stage by stage.
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SWOT Analysis
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Strengths
• New applications, products, and services made possible by technology.
• Lower distribution, intermediation, and operating costs (efficiency gains).
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Weaknesses
• Low internet penetration.
• Limited financial infrastructure.
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Opportunities
• Government and private programs around digitization and financial inclusion.
• Growing investor interest.
• A large available market.
• Cross-selling opportunities.
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Threats
• Direct substitutes.
• Risk of fraudulent transactions.
• Cybercrime.
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Our Team
The people building Prexpal’s cashless payment platform for businesses across East Africa.