Standard Chartered, Co-operative Bank, Barclays Bank, Commercial Bank of Africa, I&M Bank, Diamond Trust Bank, Gulf African Bank, Guardian Bank, Victoria Commercial Bank, Credit Bank, Prime Bank and Middle East Bank customers have access to PesaLink service so far.
Twenty seven more banks, which are carrying out pilot tests in line with CBK requirements, are expected to come on board the new platform within a month.
Customers on PesaLink can make real-time transfers of a minimum Kshs. 1 and a maximum Khs.999, 999. Fees will vary depending on the bank through which customers access PesaLink, although they have waived charges on all transactions up to Ksh500.
Click here to read the full article – 12 lenders get on board new mobile banking platform
Date: Friday17th February 2017
Publication: Daily Nation
Reporter: Muthoki Mumo