Kenya

Status

Operating at scale

If a RTPS exists

Yes

Vision: PSP interoperability

Name (Payment)

PesaLink,MPesa (Mobile Money)

URL (Payment)

https://www.ipsl.co.ke/

Region

Africa

# of participants

?- 32,?- 972 K merchants

AML law

Unknown

Bank participation in network

YesNo

Centralised fraud management system?

Unknown

Consumer protection law

Yes

Governor

Central bank/ Financial regulator

Non-bank participation in network

NoYes

Notes

Kenya is an interesting edge case. The mobile money system has tons of transactions, but there are only 3 MMOs participating, and zero banks or MFIs. Similarly PesaLink has multiple participants and lots of transactions, but only doing P2P payments among banks. PesaLink is also a "private-association" IPS - it's governed by an associated made up of entirely private sector participants. MM interoperability but lack of national interoperability Part of regional IPS network (The Common Market for Eastern and Southern Africa- COMESA)

Offline transactions

Unknown

Operator

Banking associationCommercial bank/ Private PSP

QR-based transactions

Yes

Reporting forum/ website/ form

Unknown

Rules: data handling rules for PSPs, users

Unknown

Rules: data leak notifications

Unknown

Rules: participation conditions

UnknownUnknown

Rules: recourse mechanism

Unknown

Rules: transaction recall

Unknown

Settlement systems

DNS,Unknown

Transaction cost

Unknown,Free for transactions up to 100 Kshs. Then charges are based on value + payer/payee service

Transaction types

P2P B2B G2PP2P P2M

Value (Year-USD)

2023- USD 15 K,?- USD 1 B daily

Volume (Year- Volume)

2023- 16 M,Unknown