Pesalink has signed an MOU with the Fintech Alliance to enhance collaboration between Kenya’s banking and fintech sectors. The aim of this is to accelerate fast payments and foster network interoperability.
The MoU outlines joint efforts to ease fintech-bank integrations, promote the adoption of instant account-to-account payments, and support a more inclusive, interoperable digital payments ecosystem.
“Pesalink has always believed in the power of ecosystem partnerships,” said Gituku Kirika, CEO of IPSL.
Some of the key initiative will include awareness campaigns focused on efficient payment systems, fraud prevention, and security standards, as well as the development of an online collaboration platform for knowledge-sharing among developers, partners, and institutions.
“This MoU provides a scalable model for fintechs and infrastructure providers to co-create and deliver smarter, faster solutions to the market. By aligning on standards and driving interoperability, we are unlocking more inclusive and efficient payment experiences for all,” added Mr. Kirika.
The partnership is expected to streamline the integration process for fintechs connecting with Pesalink, accelerating deployment of real-time bank transfers, bill payments, merchant services, and other account-to-account solutions. Currently, more than 27 fintechs are already integrated with the Pesalink platform.
“This partnership signals a new chapter of collaboration between fintechs and the payments infrastructure that powers Kenya’s banking sector,” said Ali Hussein Kassim, Chairperson of The Fintech Alliance. “It reflects our shared ambition to scale innovations that are not only commercially viable but also financially inclusive. We look forward to leveraging this platform to create more customer-first solutions for the future.”
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