“Mobile money transactions—particularly merchant payments—may have become a substitute for card payments. PesaLink, a bank P2P service, which was launched in 2017, enables 24/7 real-time payments of up to Sh999,999 across banks.”
This is a statement from the National Payments Strategy for the period 2022 to 2025 released by the Central Bank of Kenya (CBK) in February 2022.
