An Escrow Service for Kenya
Kenyan startup Empower Smart Limited has launched the region’s first fully automated digital escrow app (‘Empower Smart App”) to assist the ecommerce sector. An escrow is a financial and legal agreement designed to protect Buyers and Sellers in a transaction. For a fee, an independent third party holds payment until everyone fulfills their responsibilities in the transaction. With a digital escrow payment, the Seller will only access the received funds when the Buyer remotely unlocks it from his app once satisfied with the delivered product.
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