What is your assessment of the payments solutions sector in Kenya and globally? What are you trying to achieve here now? Payments right now is a very exciting area globally. In financial services right now, that is the area that is most disrupted. This is at a global scale. Everywhere you look, people and organizations are trying to respond to customers’ needs. Customers want speed, convenience, security, and they want their money now.
Kenyans will soon be able to make payments for eCitizen services directly from their bank accounts or their mobile phones. This comes as Integrated Payments Solutions Limited (IPSL) completes the integration of Pesalink with eCitizen, providing users with an additional channel for settling payments.
Over the past decade, Kenyan commercial banks bet on mobile network operators to effect mobile money transfer and digital payments - usurping sizable market share in the financial sector.<p>After years of negotiations and false starts, the Kenya Bankers Association in 2016 launched Pesalink through a subsidiary Integrated Payments Services Ltd (IPSL).