Pesalink, Fintech Alliance sign MoU to drive inclusive digital payments in Kenya

Integrated Payment Services Limited (IPSL), the operator of Pesalink, has entered into a landmark Memorandum of Understanding (MoU) with The Fintech Alliance.

The agreement is set to enhance collaboration between Kenya’s banking and fintech sectors, aiming 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.

Key initiatives 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.

“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.”

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.

The Fintech Alliance brings together leading industry associations including 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). Together, these bodies represent hundreds of fintech companies operating across the country.

“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.”