Banks are wooing customers with free interbank transfers of up to Sh1,000 and a flat Sh20 fee on higher-value transactions, in a fresh push to capture a bigger share of person-to-person payments.
The tariff represents a discount from the current charges of up to Sh250 that customers have been paying for Pesalink transfers, depending on the transaction value. The discounted price applies to any transaction from a participating bank to another bank, sacco or fintech wallet.
