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.
- Pesalink currently connects 39 banks but does not include mobile money services.
The integration of M-Pesa into the Pesalink network represents a significant advancement in Kenya's financial landscape, promoting inclusivity and efficiency. However, it will be crucial to monitor the implementation process and ensure that the benefits are equitably distributed among all users, particularly in underserved communities.
