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Pesalink wants to be Kenya’s “digital payments rail." Can it pull it off?
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Pesalink wants to be Kenya’s “digital payments rail." Can it pull it off?
Sending money in Kenya is still more complicated than it looks. A payment that starts in a bank account often transfers through a mobile wallet before reaching a merchant, with each leg taking a fee, and each system jealously guarding its own rails. Commercial banks’ answer has been Pesalink, an instant transfer platform that promises to cut out those detours. But eight years after launch, its ability to simplify Kenya’s payments landscape depen…
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