Pesalink and Nairobi-based fintech TendePay have teamed up to make bulk and single payments faster, allowing small businesses to instantly move up to KES 999,999 ($7,700) across all banks. ​​PesaLink, run by the Kenya Bankers Association (KBA), connects all local banks, mobile money providers, and fintechs. “This partnership reflects our evolution into a full spend management platform,” said TendePay CEO Abel Masai. In 2024, CBK announced plans to develop a new instant payment system, the biggest advance in the country’s money transfer network. “At Pesalink, we believe collaboration is the key to helping businesses move differently,” chief commercial officer Ken Lisudza told TechCabal.