Pesalink’s Fee Cuts Show Banks Are Chasing Everyday Transactions Again

Kenya’s banking industry has launched its most coordinated effort yet to reclaim a larger share of everyday digital payments, with 19 banks and microfinance banks adopting sharply lower Pesalink transfer fees. Customers can now send up to KSh1,000 free of charge, while transfers above that amount and up to KSh999,999 attract a flat KSh20 fee.

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