What is PesaLink?

PesaLink is Kenya's instant interbank transfer service, run by IPSL for the Kenya Bankers Association. It has more than 80 participants and moved KSh 1.1 trillion in 2024. M-PESA users can send up to KSh 500,000 to bank accounts through it.

How people pay in Kenya in 2026

Banks and cards play a supporting role. Card payments at POS terminals reached KSh 297 billion in 2025, a fraction of mobile money flows. PesaLink, the banks' instant transfer service, moved KSh 1.1 trillion in 2024. Credit is mostly mobile too: Fuliza, M-PESA's overdraft, lent KSh 1.47 trillion in the year to March 2026.

Payment by bank transfer in Kenya

Kenya's main account-to-account rail is PesaLink, the 24/7 instant transfer service run by Integrated Payment Services Limited (IPSL), a subsidiary of the Kenya Bankers Association. It connects more than 80 participants, including banks, SACCOs, telcos and fintechs, and allows transfers up to KSh 999,999. It moved KSh 1.1 trillion across 8.2 million transactions in 2024. Since 2025, M-PESA users can also send up to KSh 500,000 to any bank account through the PesaLink mini app, up from KSh 250,000.

More detail in our #PayWorldTour guide Payment methods in Kenya.