Choice Bank has joined the Pesalink network to provide its clients with dependable, cost-effective, and immediate payments via iBank, the mobile app, and APIs.
This partnership is revolutionary because it creates new, inclusive avenues for the smooth transfer of funds for SMEs, diaspora communities, and all other underserved groups.
Pesalink stated, “For Pesalink and Choice Bank, the story is about solving one of the biggest frustrations for customers: slow and costly transfers.”
Seamless and interoperable solutions for customers
Partnerships like these provide customers with seamless and interoperable solutions as Africa’s financial sector speeds up its digital transformation.
With Choice Bank on board, Pesalink fortifies ties throughout Kenya’s financial system, facilitating quicker payments, reduced expenses, and increased economic engagement.
Pesalink added, “Together, we are shaping Kenya’s digital payments story; seamless, inclusive, and built for everyone.”
Influence of Choice Bank in Kenya’s financial sector
Choice Bank is pleased to be influencing the digital transformation of Kenya’s financial sector by providing interoperable solutions that guarantee greater economic participation for the citizens.
Choice Bank stated, “Here at Choice Bank, our story has always been about putting our customers first. That’s why we’re thrilled to announce our integration with the Pesalink network!”
The Bank added, “We’ve heard your frustrations with slow and expensive transfers. Through this powerful partnership with Pesalink, we are now delivering instant, affordable, and highly reliable payments directly through our iBank mobile app and APIs.”
Thanks to this partnership, SMEs, diaspora communities, and underserved groups that require easier, more inclusive money transfer methods now have access.
About Pesalink
Integrated Payment Services Limited (IPSL) operates the real-time payment platform Pesalink.
Thanks to technology developed by Pesalink, Kenyan individuals and businesses can send and receive money instantly into their bank accounts. PesaLink has over 6 million registered accounts linked to 41 Kenyan banks.
Pesalink’s parent company, IPSL, was founded in 2015 in response to the nation’s interbank money transfer problem under the National Payment System (NPS) Act. Pesalink promotes financial inclusion and the nation’s economic growth by giving people and companies the flexibility to send and receive money anytime.
About Choice Bank
Choice Bank was founded in 2015. As a technology-driven digital bank, it aims to support the upcoming generation of entrepreneurs, individuals, and businesses in Kenya and abroad.
Choice Bank’s cutting-edge API banking solution for Africa was developed by creative techpreneurs and seasoned bankers. It provides various online banking options, including Private Banking, Banking as a Service, and Leading FX rates. The Central Bank of Kenya has granted Choice Bank a microfinance bank license.
It provides a cutting-edge, quick, and adaptable banking experience that meets customers’ goals, whether managing their finances, starting a small business, or introducing their first product.