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.
M-Pesa to integrate with PesaLink, driving growth and financial interoperability in Kenya
M-Pesa integrates with PesaLink for real-time interbank transactions. The partnership aims to improve interoperability within Kenya's financial ecosystem.
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.
Kenyan banks to lower interest rates following pressure from the Central Bank
CBK reduced the benchmark rate by 75 basis points to 11.75%. The gap between CBR and lending rates rose to a 31-month high.
