Gilbert Wambugu
Nairobi (KEN)
Role(s):
Founder/Owner/Principal
FASTPAY
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Startup
Location:
Nairobi
Industry:
Finance
Year Founded:
2008
Number Employees:
1-10 people
Description:
FASTPAY intends to provide affordable and accessible financial services in electronic financial transactions. Our product is FASTPAY Cashless.
FASTPAY Cashless System is an open payment gateway system that can be used by anyone, on any network and any phone, who wants to pay for transactions or get cash from their account from any ATM in Kenya. It is primarily aimed at ordinary Kenyans because it is an extremely easy and cost-effective way of paying for transactions. FASTPAY will pay into and out of any bank account too.
This is how it works: Use a cellphone to send money to a friend or pay an account. All you need is the other party's cellphone number. Even better, to collect money, send account details and bank branch number and use your ATM card. So you don't have to stand in queues and you don't have to carry cash around.