The Competition Authority of Kenya (CAK), has compelled Safaricom to lower and publicly disclose its third-party mobile banking service charges, in a move that...
Since Kenyan banks lost to Mpesa in 2006, their sole strategy has been to catch up. Kenyan banks are running out of ideas, resorting to copying Mpesa.
It feels like Pesalink is aimed at one upping the mobile money transfer service M-pesa while there may be more pressing financial services problems to solve.
Your move, M-PESA.