Empowering African Businesses

Kes2.5Bn moved on KBA’s PesaLink in 4months

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Over 3.5million customers plugged on PesaLink transacted Kes2.5billion on the platform in the last four months.

The bank-to-bank money transfer platform is a product of financial technologies firm, Integrated Payment Services Limited (IPSL) – a fully owned subsidiary of Kenya Bankers Association (KBA).

PesaLink, formally launched on Friday, presently has 26 members participating on the platform with the service expected to give Safaricom’s MPESA a run for its money with the capability to transact between Kes10 to Kes999,999 on-the-go.

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“We have more planned for the future,” said KBA Chief executive Mr. Habil Olaka.

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