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.
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.
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.
