PesaLink is conceptualized to provide a 24 x 7 x 365 real-time payment services for the banking industry in Kenya.
PesaLink begins processing of transactions, providing a long-awaited environment for real-time transfer of funds for customers at various participanting banks, enabling immediate value, with same-day settlement capabilities for banks.
The target was to migrate PesaLink to ISO 20022 standard, which enables richer, better structured and more granular data end-to-end to be carried in payments messages
To facilitate a data driven and support new use cases such as RTP (Request To Pay), Payment Initiation and Direct Debits