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Kenya
PesaLink
Scheme name: PesaLink
IIPS Type: Bank
Instruments: Credit EFT, Debit EFT
Channels: Branch, USSD, App, Browser, ATM
Use cases: Transfers & remittances (P2P), Merchant payments (P2B), Bill payments (P2B/P2G), Fees & taxes (P2G), Salaries & wages (B2P)
Inclusivity level: Not ranked
Year of establishment: 2017
System owner: Kenya Bankers Association
Overseer: Central Bank of Kenya
Operator: IPSL
Total Participants: 37
Volumes 2023: 6,034,787
Values 2023: 6,259,222,223 USD
Back to map| Category | PesaLink |
|---|---|
| Geographic reach | Domestic |
| Geographic description | Kenya |
| Scheme governance | IPSL |
| Settlement agent | Central Bank of Kenya |
| Participants - commercial banks | 37 |
| Participants - MMOs | 0 |
| Participants - non-bank PSPs | 0 |
| Participants - MFIs | 0 |
| Volumes 2019 | 1,751,698 |
| Volumes 2020 | 3,011,228 |
| Volumes 2021 | 3,818,369 |
| US$ Exchange Rate 30 April | 133.6060 |
| Values 2019 | 1,204,150,090 USD |
| Values 2020 | 2,037,881,129 USD |
| Values 2021 | 3,218,353,704 USD |
| Values 2022 | 3,866,636,083 USD |
| Values 2023 not-on-us transactions (US$) | 6,228,950,429 USD |
| Values 2023 on-us transactions (US$) | 30,271,794 USD |
| Total value of instant payment transactions 2023 (US$) | 6,259,222,223 USD |
| Interoperability arrangement | Payment system operator |
| Ownership model | Participant-owned |
| Governance Typology | Private association |
| Scheme rules shared or publically available? | No |
| Messaging standard | ISO 20022; ISO 8583 |
| Types of proxy IDs | Merchant code/ID; Mobile phone number |
| Use of open APIs | Yes |
| QR code standard | N/A |
| Pro-poor governance | No |
| CB governance involvement | No |
| Expanded use Cases | No |
| Minimum channel functionality | No |
| Minimum use case functionality | Yes |
| All licensed PSPs can participate (all-to-all interoperability) | No |
| Recourse | No |
| Not-for-loss | No |
| Status | Reached basic level, with potential to reach progressed level |
| Strengths/drivers | Fulfilment of basic criteria provides a good base to progress further on the inclusivity spectrum. Since there is already 1 MMO connected, there is potential to reach full cross-domain interoperability if further connections are facilitated. |
| Areas of development | Areas for development include involvement of Central Bank as well as both bank and non-bank PSPs in governance, as well as enabling cross-domain interoperability for all participants. |
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