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New banks’ platform set to disrupt cheques and cards
KBA chief executive Habil Olaka (right), Integrated Payment Services boss Jennifer Theuri and KBA vice-chairman John Gachora at the launch of PesaLink. PHOTO | FILE
The move by banks, under their umbrella Kenya Bankers Association (KBA), to harmonise mobile switching is a perfectly-timed disruption.
The platform, known as the Kenya Interbank Transaction Switch (KITS), uniformises card and mobile switching. In their first phase, KBA through a subsidiary-Integrated Payment Services Limited (IPSL), is offering a mobile switching product under the brand name PesaLink.
