23 June 2025 | Nairobi, Kenya – Integrated Payment Services Limited (IPSL), the operator of Pesalink, has signed a Memorandum of Understanding (MoU) with The Fintech Alliance. It marks a major milestone in uniting Kenya’s banking and fintech sectors to drive fast payments and network interoperability.
The MoU is expected to foster joint initiatives that will reduce friction in fintech-bank integrations, accelerate adoption of instant account-to-account payments, and support a more inclusive, interoperable payments ecosystem.
The signatories are planning awareness campaigns on efficient payment systems, fraud prevention and security standards. They will also be developing an online collaboration platform to support knowledge-sharing among developers, partners, and institutions.
“Pesalink has always believed in the power of ecosystem partnerships,” said Gituku Kirika, CEO of IPSL. “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.”
Fintechs have played a critical role in extending financial services to underserved communities and advancing customer-centric innovation. The MOU working group will be working towards smoother integration for fintechs with Pesalink, enabling faster deployment of real-time bank transfers, bill payments, merchant services, and other account-to-account solutions via Pesalink. Currently, there are 27+ fintechs integrated with Pesalink.
As the umbrella body comprising leading sector associations which include: the Association of Fintechs in Kenya (AFIK), Digital Financial Services Association of Kenya (DFSAK), the Decentralised Credit Providers Association of Kenya (DCPAK), and the Blockchain Association of Kenya (BAK), the Fintech Alliance collectively represent hundreds of fintech companies operating in Kenya’s fast-evolving digital payments space.
Ali Hussein Kassim, chairperson of The Fintech Alliance, welcomed the move, stating: “This partnership signals a new chapter of collaboration between fintechs and the payments infrastructure that powers Kenya’s banking sector. 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.”
