advertisement
Choice Bank Integrates Pesalink For Instant Payments.
Choice Microfinance Bank Kenya Limited (Choice Bank) has partnered with Pesalink to give customers faster, more affordable, and reliable payment options. The partnership integrates Pesalink’s instant payment system into Choice Bank’s digital platforms, including its mobile app, iBank, and API services , allowing customers to send and receive money instantly between accounts.
Licensed by the Central Bank of Kenya since 2015, Choice Bank has built a strong reputation serving SMEs, diaspora communities, and retail clients. By adding Pesalink to its digital offerings, the bank is strengthening its focus on financial inclusion and accessibility.
Speaking during the signing ceremony, the CEO/MD, Bonface Isinta Ombui of Choice Bank said, “Through our partnership with Pesalink, we are reinforcing our commitment to financial inclusion by giving our customers instant, affordable, and inclusive payment solutions. This is a step forward in our mission to empower livelihoods through innovative banking.
advertisement
Across Africa, banks are rapidly embracing technology to deliver faster, more connected financial services. The 2024 African Banking Digital Transformation Report shows that 76 per cent of banks now rank digital transformation among their top priorities, with 60 per cent having digitized most of their operations.
Pesalink’s infrastructure connects over 80 financial institutions across Kenya, making payments between banks immediate and seamless. By removing delays and cutting transaction costs, it continues to enable innovation and inclusion within the financial ecosystem.
Gituku Kirika, CEO of Pesalink, said, “We are delighted to welcome Choice Bank into the Pesalink network. This partnership deepens our shared goal of building a simple, interoperable, and affordable digital payments ecosystem that empowers individuals, businesses, and the wider economy.”
advertisement
This partnership supports Choice Bank’s digital-first strategy, which focuses on giving customers access to modern, connected, and convenient banking solutions, whether they are small business owners, members of the diaspora, or individual users seeking faster, more flexible financial services.