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Banks mobile money platform signs up two million users

KBA chief executive Habil Olaka at a past media briefing in Nairobi. Two million bank customers have signed up for digital payment PesaLink, barely two months after the platform was launched. FILE PHOTO | NMG

By  JAMES NGUNJIRI

Two million customers have signed up for PesaLink less than two months after the digital bank-to-bank payments platform was launched by the Kenya Bankers Association (KBA).

Integrated Payment Services Ltd (IPSL), a local financial technology (FinTech) firm wholly owned by KBA, yesterday said the 22 banks on the platform have also managed to consistently record “impressive” average turnaround rate for the transactions.

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