Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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Quote:Kenyan banks Thursday morning launched a mobile money platform that will allow customers to transfer up to about Sh1 million in a single transaction.
PesaLink is jointly owned and operated by banks through Integrated Payment Services Limited (IPSL), a subsidiary of the Kenya Bankers’ Association (KBA).
“The system will enable users to transact as low as Sh10 and as much as Sh999,999 across the banking system,” said KBA chief executive Mr Habil Olaka. http://www.businessdaily...15130-dwdo6sz/index.html
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Rank: Veteran Joined: 8/10/2014 Posts: 969 Location: Kenya
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So how does this thing work?
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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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[quote=Lolest!] Quote:Kenyan banks Thursday morning launched a mobile money platform that will allow customers to transfer up to about Sh1 million in a single transaction.
PesaLink is jointly owned and operated by banks through Integrated Payment Services Limited (IPSL), a subsidiary of the Kenya Bankers’ Association (KBA).
“The system will enable users to transact as low as Sh10 and as much as Sh999,999 across the banking system,” said KBA chief executive Mr Habil Olaka. http://www.businessdaily...5130-dwdo6sz/index.html[/quote] And other fairy tale stories.Watch. Formally employed people often live their employers' dream & forget about their own.
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Rank: New-farer Joined: 10/30/2016 Posts: 39 Location: nairobi
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bird_man wrote:[quote=Lolest!] Quote:Kenyan banks Thursday morning launched a mobile money platform that will allow customers to transfer up to about Sh1 million in a single transaction.
PesaLink is jointly owned and operated by banks through Integrated Payment Services Limited (IPSL), a subsidiary of the Kenya Bankers’ Association (KBA).
“The system will enable users to transact as low as Sh10 and as much as Sh999,999 across the banking system,” said KBA chief executive Mr Habil Olaka. http://www.businessdaily...5130-dwdo6sz/index.html[/quote] And other fairy tale stories.Watch. it is basically a system to rival mpesa.a good idea for especially businesses . where a woman rules, rivers run uphill!
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Rank: Member Joined: 9/13/2006 Posts: 70
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Good move by the banks, Telcos will have a run for their monies Ksh 999,999 pap vs 14 X 70K mpesas. i could even complete a ka plot ya machinani! transaction via phone Kama kuoga ni usafi taulo lachafukani?
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Rank: Veteran Joined: 8/25/2012 Posts: 1,826
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watesh wrote:So how does this thing work? http://pesalink.com/index.php?scr=worksseems like a 'simplified' rtgs of sorts, but I don't see much especially for the guys who have mobile/internet banking access, and looking at the list of banks that are piloting the system, I don't see solid reasons behind it.
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Rank: Member Joined: 8/27/2010 Posts: 495 Location: Nairobi
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sitaki.kujulikana wrote:watesh wrote:So how does this thing work? http://pesalink.com/index.php?scr=worksseems like a 'simplified' rtgs of sorts, but I don't see much especially for the guys who have mobile/internet banking access, and looking at the list of banks that are piloting the system, I don't see solid reasons behind it. Careful. This has nothing to do with the KBA Pesalink. This was registered in 2009: Quote:REGISTRANT CONTACT
Name:David Magezi
Street:655 East Ivanhoe
City:Chandler
State:Arizona
Postal Code:85225
Country:US
Phone:(602) 418-3412
Email:email@gmail.com
Update Date: 2017-01-29T10:59:44Z
Creation Date: 2009-01-24T19:09:12Z
Registrar Registration Expiration Date: 2018-01-24T19:09:12Z
Registrar: GoDaddy.com, LLC
Registrar IANA ID: 146 KBA didn't bother checking if the domain was available before they settled on using the name Pesalink. Sent from my Black Nokia 3310
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Rank: Veteran Joined: 8/25/2012 Posts: 1,826
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Ash Ock wrote:sitaki.kujulikana wrote:watesh wrote:So how does this thing work? http://pesalink.com/index.php?scr=worksseems like a 'simplified' rtgs of sorts, but I don't see much especially for the guys who have mobile/internet banking access, and looking at the list of banks that are piloting the system, I don't see solid reasons behind it. Careful. This has nothing to do with the KBA Pesalink. This was registered in 2009: Quote:REGISTRANT CONTACT
Name:David Magezi
Street:655 East Ivanhoe
City:Chandler
State:Arizona
Postal Code:85225
Country:US
Phone:(602) 418-3412
Email:email@gmail.com
Update Date: 2017-01-29T10:59:44Z
Creation Date: 2009-01-24T19:09:12Z
Registrar Registration Expiration Date: 2018-01-24T19:09:12Z
Registrar: GoDaddy.com, LLC
Registrar IANA ID: 146 KBA didn't bother checking if the domain was available before they settled on using the name Pesalink. thanks for the clarification, info on the same then seems a bit hard to come by, they must be relying on the member banks to advice the clients on the workings, but from what I have read about its working it seems very similar to the above pesalink system.
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Rank: Member Joined: 8/16/2012 Posts: 660
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sitaki.kujulikana wrote:Ash Ock wrote:sitaki.kujulikana wrote:watesh wrote:So how does this thing work? http://pesalink.com/index.php?scr=worksseems like a 'simplified' rtgs of sorts, but I don't see much especially for the guys who have mobile/internet banking access, and looking at the list of banks that are piloting the system, I don't see solid reasons behind it. Careful. This has nothing to do with the KBA Pesalink. This was registered in 2009: Quote:REGISTRANT CONTACT
Name:David Magezi
Street:655 East Ivanhoe
City:Chandler
State:Arizona
Postal Code:85225
Country:US
Phone:(602) 418-3412
Email:email@gmail.com
Update Date: 2017-01-29T10:59:44Z
Creation Date: 2009-01-24T19:09:12Z
Registrar Registration Expiration Date: 2018-01-24T19:09:12Z
Registrar: GoDaddy.com, LLC
Registrar IANA ID: 146 KBA didn't bother checking if the domain was available before they settled on using the name Pesalink. thanks for the clarification, info on the same then seems a bit hard to come by, they must be relying on the member banks to advice the clients on the workings, but from what I have read about its working it seems very similar to the above pesalink system. Code:https://ipsl.co.ke/pesalink/ Seems they (IPSL) have set a base on which individual banks are to build on. - first point on how to use the pesalink service is listed as Access your bank using your preferred device/ channelSite very vague on key data like cost of funds transfers. Live and learn; and don’t forget, nothing ventured, nothing gained.
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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This pesalink looks like a monumental failure, as expected! Now its free for 2 months, telling us how useless it is. Main issue is stupid banks have limited transfer to 70k...when it can handle upto 1m. Self defeating!! Business opportunities are like buses,there's always another one coming
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Rank: New-farer Joined: 3/12/2014 Posts: 96
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KulaRaha wrote:This pesalink looks like a monumental failure, as expected!
Now its free for 2 months, telling us how useless it is.
Main issue is stupid banks have limited transfer to 70k...when it can handle upto 1m. Self defeating!!
Kenyans are peculiar,they tend to stick to a trusted service provider irrespective of costs.
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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penkon wrote:KulaRaha wrote:This pesalink looks like a monumental failure, as expected!
Now its free for 2 months, telling us how useless it is.
Main issue is stupid banks have limited transfer to 70k...when it can handle upto 1m. Self defeating!!
Kenyans are peculiar,they tend to stick to a trusted service provider irrespective of costs. No, I think the issue here is the bank imposed limits. Pesalink is for people with bank accounts, and thus should be used for transfers over the mpesa 70k limit. Banks in Kenya are blind. Business opportunities are like buses,there's always another one coming
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Rank: New-farer Joined: 3/12/2014 Posts: 96
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KulaRaha wrote:penkon wrote:KulaRaha wrote:This pesalink looks like a monumental failure, as expected!
Now its free for 2 months, telling us how useless it is.
Main issue is stupid banks have limited transfer to 70k...when it can handle upto 1m. Self defeating!!
Kenyans are peculiar,they tend to stick to a trusted service provider irrespective of costs. No, I think the issue here is the bank imposed limits. Pesalink is for people with bank accounts, and thus should be used for transfers over the mpesa 70k limit. Banks in Kenya are blind. So majority of Kenyans are unbanked ?
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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penkon wrote:KulaRaha wrote:penkon wrote:KulaRaha wrote:This pesalink looks like a monumental failure, as expected!
Now its free for 2 months, telling us how useless it is.
Main issue is stupid banks have limited transfer to 70k...when it can handle upto 1m. Self defeating!!
Kenyans are peculiar,they tend to stick to a trusted service provider irrespective of costs. No, I think the issue here is the bank imposed limits. Pesalink is for people with bank accounts, and thus should be used for transfers over the mpesa 70k limit. Banks in Kenya are blind. So majority of Kenyans are unbanked ? Actually, majority of mpesa users are unbanked. Pesalink was the banks' answer to mpesa for the ones with bank accounts. Half the banks didn't sign up, and those that did imposed useless limits rendering it impotent at the go. Now they've dropped charges, but its the unbanked who are cost conscious...they can't use Pesalink anyways. Kenyan banks are soooooooooooooo dumb.... Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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is Coop Bank in this platform? In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Angelica _ann wrote:is Coop Bank in this platform? yes, when it works  Business opportunities are like buses,there's always another one coming
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Rank: Member Joined: 2/9/2012 Posts: 576
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So Banks world wide are playing catch up on person to person payments http://www.reuters.com/a...ents-zelle-idUSKBN1931C2Africa belongs to Africans.
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Rank: New-farer Joined: 3/12/2014 Posts: 96
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KulaRaha wrote:penkon wrote:KulaRaha wrote:penkon wrote:KulaRaha wrote:This pesalink looks like a monumental failure, as expected!
Now its free for 2 months, telling us how useless it is.
Main issue is stupid banks have limited transfer to 70k...when it can handle upto 1m. Self defeating!!
Kenyans are peculiar,they tend to stick to a trusted service provider irrespective of costs. No, I think the issue here is the bank imposed limits. Pesalink is for people with bank accounts, and thus should be used for transfers over the mpesa 70k limit. Banks in Kenya are blind. So majority of Kenyans are unbanked ? Actually, majority of mpesa users are unbanked. Pesalink was the banks' answer to mpesa for the ones with bank accounts. Half the banks didn't sign up, and those that did imposed useless limits rendering it impotent at the go. Now they've dropped charges, but its the unbanked who are cost conscious...they can't use Pesalink anyways. Kenyan banks are soooooooooooooo dumb.... lets wait for the Green monster to roll mpesa tap in all towns and see how the banked and unbanked will compete with cash flows in their ecosystems
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Tap will have nil effect. Its a step backwards. Business opportunities are like buses,there's always another one coming
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Rank: Member Joined: 12/17/2016 Posts: 225
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KulaRaha wrote:Tap will have nil effect. Its a step backwards. I also wonder who advised them on that card....The uptke will be low; people are already burdened carrying many cards(Credit card, debit card, loyalty card... list goes on till one gets tired) Reflection Eternal
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