An instant payment utility in Kenya, facilitating real-time fund transfers through a trusted network.
Tanzania’s NALA enters Kenya with Equity Bank, Pesalink partnership
NALA has expanded into Kenya through a partnership with Equity Bank and Pesalink. The partnership allows for real-time fund transfers to mobile wallets or bank accounts.
Safaricom and KBA Unite for Kenya’s Payment System Transformation
Safaricom and the Kenya Bankers Association propose elevating Pesalink to Kenya's primary fast payment system. Pesalink currently processes digital transactions worth $8.5 billion.
Safaricom, Kenyan commercial banks propose Pesalink for national payments overhaul
Safaricom and KBA propose Pesalink as the preferred fast payment system in Kenya. Pesalink currently supports $8.5 billion in Kenya's digital payments.
Safaricom’s M-Pesa to join Pesalink as Central Bank plans new payment system
Safaricom proposes to integrate M-Pesa with the Pesalink network. The integration aims to break down barriers between mobile wallets and bank accounts.
The most popular payment methods in Kenya 2024: Cash is king but M-Pesa remains huge
Rising transaction charges prompt merchants to shift to cash transactions. Cash accounts for 80% of daily transactions in Kenya.
