×
The Standard e-Paper
Join Thousands Daily
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
About Sh220 billion has been moved through Pesalink, a payment system owned by the Kenya Bankers Association (KBA). The increase is more than two-fold - from Sh87 billion that had been transacted by October last year.
However, the transactions are few compared to those on mobile money services such as Safaricom's M-Pesa. Launched in 2017, PesaLink facilitates real-time inter-bank transactions. The application enables customers to transfer cash from their own account to those held in other banks or wire money to their mobile phones.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join