– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
Top News
Namibia to End Vitol’s Exclusive Fuel Supply Deal After October Extension
Lobito Corridor Targets 3 Million Tons of Freight as $750 Million Upgrade Accelerates
Libya’s $2.5 Billion Benghazi Iron Complex Targets Lower-Carbon Steel Supply
Kenya Approves Diageo’s $2.3 Billion Sale of EABL Stake to Japan’s Asahi
Ghana Moves to Set Minimum Pay and Tender Benchmarks for Mining Contractors
TotalEnergies to Invest $10 Billion in Angola as It Targets Sustained Oil Production
Kenya Set for About $400 Million World Bank Emergency Financing Amid Rising Risks
South Africa Swings to 2.6% Current Account Deficit as Higher Oil Costs Hit Imports
Emerging-Market Private Credit Fundraising Surges to $8.7 Billion in H1 2026
TotalEnergies Makes New Angola Oil Discovery, Expands Exploration Footprint
Egypt’s Annual Urban Consumer Price Inflation Eases to 14.5% in August, Stats Agency Says
Senegal to Put 109 Oil and Gas Blocks on Market as Dakar Seeks New Energy Investors
Angola Moves to Open $18.6 Billion Domestic Bond Market to Foreign Investors
India’s Lohum Begins Lithium Mining in Zimbabwe With First Overseas Shipment
Africa’s Deposits Rise 12% to $156.30 billion as Payment Activity Accelerates, Standard Bank says
SUBSCRIBE
– Business, Finance, Markets & Economic News
Subscribe
– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
Copyright 2026 - All Right Reserved
Home » Fintech » Paystack Expands Pesalink Partnership to Simplify Bank Transfer Payments
Fintech

Paystack Expands Pesalink Partnership to Simplify Bank Transfer Payments

by Oluebube Elechi July 17, 2026
written by Oluebube Elechi July 17, 2026
FacebookTwitterLinkedinEmail
67

NAIROBI, July 17 – Paystack has expanded its partnership with Pesalink, allowing businesses in Kenya to accept bank transfers directly through its checkout page.

The new integration builds on an existing partnership that has supported merchant settlements since 2025. It now allows businesses to collect customer payments, confirm transactions, reconcile records and receive settlements through the same banking infrastructure.

Under the new system, customers who choose Pesalink at checkout receive a dedicated bank account number and a one-time payment reference. They complete the transfer through their banking app, while the system automatically matches the payment amount and reference before confirming the transaction.

Paystack first introduced Pay with Pesalink in Kenya in October 2025 as another payment option alongside cards and mobile money. With this latest update, the company is positioning Pesalink as a core part of its payment infrastructure for businesses.

You Might Be Interested In
  • Flutterwave Processes Over $40 Billion in Payments as Digital Transactions Surge

Pesalink, which is operated by Integrated Payment Services Limited under the Kenya Bankers Association, connects more than 80 Kenyan banks and savings cooperatives. Earlier this year, it also partnered with the Pan-African Payment and Settlement System to support cross-border transactions in Kenyan shillings.

The rollout is in line with Paystack’s strategy of adapting its products to different markets. In South Africa, the company added Capitec Pay in March 2026, allowing customers to approve payments directly through the Capitec banking app. In Nigeria, it also launched an early-access pilot in June 2026 that lets customers complete purchases through AI assistants such as Claude and ChatGPT using its Zap transfer product.

The company said the latest expansion is aimed at making digital payments faster and more seamless for businesses and their customers.

Read Next

  • Egypt Says It Repaid About $5 Billion to Foreign Oil Partners, Targets Lower Arrears by 2026

    January 23, 2026
  • Why Central Africa’s Richest Man Is Betting Nearly His Entire Fortune on One Airline

    July 19, 2026
  • Germany Grants €200M Concessional Loan to South Africa for Energy Transition

    April 14, 2026
  • Dangote Refinery to Launch $1.6 Billion IPO in Nigeria’s Biggest Public Share Offering

    September 4, 2026
  • Dangote Plans $40 Billion Investment to Expand Refinery and Fertilizer Capacity

    April 9, 2026

Newsletter

Subscribe to our newsletter for trusted insights on Africa’s economies, markets, and business.

African Economy Inc. Logo

About Us

We are a business and economic intelligence platform delivering in-depth reporting, analysis, and insights on markets, companies and economic developments across Africa.

Our Company

  • AEI Intelligence
  • About
  • Editorial Standard
  • Partnerships
  • Advertise With Us
  • Careers
  • Ownership

News

  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech

Useful Links

  • Privacy Policy
  • Terms of Use
  • Closed Captioning Policy
  • Accessibility Statement
  • Personal Information
  • Data Tracking
  • Register New Account

Subscribe Newsletter

Subscribe to our newsletter for trusted insights on Africa’s economies, markets, and business.

©2026 Majons Media Inc. All Rights Reserved.

Facebook Twitter Instagram Linkedin
Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
– Business, Finance, Markets & Economic News
  • Economy
  • Business
  • Markets
  • Banking & Finance
  • Energy
  • Tech
  • Policy