JamboPay, PesaLink in pact to expand service to all banks

Kenyans with JamboPay mobile wallet will now be able to withdraw funds into any bank account in the country following a new deal with Pesalink.

The partnership will allows JamboPay business customers to instantly pay suppliers, salaries, and other benefits directly into any bank account in Kenya.

This comes just a month after Jambopay mobile wallet limits were increased from a daily maximum limit of Sh300,000 to Sh500,000 effective August.

With the integration of JamboPay’s mobile wallet, its users will be able to receive, hold, and make payments from various sources such as cards, mobile money, other wallets, and banks.

The digital payments company mobile wallet has 1.2 million subscribers that mainly use the platform to pay for government services.

“This partnership achieves opportunities for business owners to securely collect and make seamless payments from a single platform. “Ms. Ven Rasugu JamboPay Head of Customer Experience said during the partnership launch.

Read Also: Payments Solutions Firm Unlimit Expands Operations into Kenya

JamboPay is an innovative digital payments company that serves over 5,000 organizations and 1.2 million personal subscribers in Kenya. As a licensed virtual mobile network operator, they provide secure and efficient payment solutions.

During the partnership launch, Ms. Ven Rasugu, Head of Customer Experience at JamboPay, expressed that this collaboration opens up new opportunities for business owners to collect and make seamless payments from a single platform.

On the other hand, Pesalink is a payment solution that facilitates low-cost bank-to-bank transfers and boasts a network of over 36 banks.

Both JamboPay and Pesalink are regulated by the Central Bank of Kenya, ensuring compliance and security in their operations.

Gituku Kirika, Chief Executive Officer of Pesalink, said both Jambopay and PesaLink are united in their pursuit of transforming digital payments in Kenya and beyond.

The collaboration is anticipated to not only redefine wallets-to-bank transfers but also contribute significantly to the ongoing digital revolution in the financial sector.

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