Airtel Money has partnered with Integrated Payment Systems Limited (IPSL), the operator of Pesalink, to enable customers to transfer money directly from their mobile wallets to 30 banks, SACCOs and microfinance banks across Kenya.
The integration allows Airtel Money customers to make wallet-to-bank transfers through the MyAirtel App or USSD by dialling *334#. Those using the app can select the Pay Bill option, choose their preferred financial institution, enter the account number and transaction amount and complete the transfer.
The service also includes an account verification feature that allows customers to confirm the recipient’s bank name and account details before completing a transaction.
“This partnership with IPSL enables us to extend our reach into the broader financial ecosystem through Pesalink. By facilitating wallet-to-bank transfers across multiple financial institutions, we are making it easier for customers to move money seamlessly between mobile wallets and bank accounts,” said Michael Bonke, Acting Managing Director, Airtel Money Kenya.
IIPSL CEO, Gituku Kirika, noted that, “Our partnership with Airtel Money is an important milestone in connecting banking rails with mobile money ecosystems. The power of interoperability is in giving Kenyans more choice in how they make everyday payments.”
The partnership will progressively expand to include agent cash-in and cash-out services through Airtel Money’s agent network, as well as person-to-merchant (P2M) payments.
Pesalink currently connects more than 200 banks, telecommunications companies, fintechs and SACCOs.
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Also Read: Pesalink Partners with Postbank to Expand Cash Deposit Access Across Kenya
