
Hello skunks Whats the requirements/regulations for setting up or having an e-wallet system such as pesapal? Thanks /Choose to believe/! Solami

wallet or just the payment gateway?? Kind Regards, Kennedy KK Mobile: +254-721-699119 / +254-20-5283207 Skype: k.kairu Gtalk: kkairu On Tue, Aug 11, 2015 at 4:38 PM, Solami Ltd via skunkworks < skunkworks@lists.my.co.ke> wrote:
Hello skunks
Whats the requirements/regulations for setting up or having an e-wallet system such as pesapal?
Thanks
*Choose to believe*! Solami
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Whats the difference in terms of the regulator policy and do they have their own regulations or which doesn't? Rgds George On 8/11/2015 16:56, Kennedy Kairu Kariuki wrote:
wallet or just the payment gateway??
Kind Regards,
Kennedy KK
Mobile: +254-721-699119 / +254-20-5283207 Skype: k.kairu Gtalk: kkairu
On Tue, Aug 11, 2015 at 4:38 PM, Solami Ltd via skunkworks <skunkworks@lists.my.co.ke <mailto:skunkworks@lists.my.co.ke>> wrote:
Hello skunks
Whats the requirements/regulations for setting up or having an e-wallet system such as pesapal?
Thanks
/Choose to believe/! Solami
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Wallets hold money and hence the national payments policy for mobile payments and other banking regulations apply. However, as a payment gateway, I think you just do reporting especially to track for transactions over $10K passing through the system. Stand to be corrected... Kind Regards, Kennedy KK Mobile: +254-721-699119 / +254-20-5283207 Skype: k.kairu Gtalk: kkairu On Tue, Aug 11, 2015 at 5:15 PM, Solami Ltd <solamiltd@gmail.com> wrote:
Whats the difference in terms of the regulator policy and do they have their own regulations or which doesn't?
Rgds George
On 8/11/2015 16:56, Kennedy Kairu Kariuki wrote:
wallet or just the payment gateway??
Kind Regards,
Kennedy KK
Mobile: +254-721-699119 / +254-20-5283207 Skype: k.kairu Gtalk: kkairu
On Tue, Aug 11, 2015 at 4:38 PM, Solami Ltd via skunkworks < skunkworks@lists.my.co.ke> wrote:
Hello skunks
Whats the requirements/regulations for setting up or having an e-wallet system such as pesapal?
Thanks
*Choose to believe*! Solami
_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------
Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke

Hi Solami, I am not certain about the specific regulations in Kenya - but I suggest you consult with the Centralbank. Speaking in general it is a bit "tricky" when you start holding peoples money - as you will quite fast get yourself in a position where you legally are considered to be a bank, and hence subject to the banking laws/requirements (you don't want that for sure). The classic workaround is for people to buy "tokens" which you "sell" at your site (did anyone say bitcoins) - those tokens can then later be traded/redeemed for whatever you intended the money to be used for in the first place. But thread carefully and seek legal advice as it's a fine line to walk. On the technical side it's easier. One potential starting point could be PesaPi as it provides a portion of the code that you would need to actually build such a solution - either build on it or just use it for reference/inspiration. .. Mike On 8/11/15 3:38 PM, Solami Ltd via skunkworks wrote:
Hello skunks
Whats the requirements/regulations for setting up or having an e-wallet system such as pesapal?
Thanks
/Choose to believe/! Solami
_______________________________________________ skunkworks mailing list skunkworks@lists.my.co.ke ------------ List info, subscribe/unsubscribe http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------
Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke
participants (3)
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Kennedy Kairu Kariuki
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Michael Pedersen
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Solami Ltd