Fintech companies NALA, Pesalink, and Equity Bank collaborate to expedite and lower the cost of money transfers to Kenya
In a groundbreaking move, global fintech platform NALA has teamed up with Pesalink and Equity Bank Limited to transform cross-border money transfers in Kenya. This collaboration aims to make these transactions cheaper, faster, more transparent, and more inclusive.
At the heart of this partnership is the delivery of remittance services using the combined resources of Pesalink, NALA, and Equity Bank. Martin Mwakalebela, CEO of NALA, leads the charge, bringing his expertise in fintech and banking collaborations to drive efficiency, transparency, and inclusivity in the digital economy.
Equity Bank's extensive network and Pesalink's instant payment infrastructure are integral to this collaboration. NALA's digital platform is also a key component, facilitating seamless remittance services for individuals and businesses alike.
For businesses and payroll providers, this collaboration offers a reliable payment rail for salary disbursements and supplier payments, reducing operational delays. Individuals, too, stand to benefit from the instant arrival of funds sent from abroad in their bank accounts or mobile wallets, enhancing financial planning and convenience.
This partnership signifies a significant improvement in cross-border financial services, marking a milestone in the digital economy of Kenya. By making cross-border money transfers more accessible and efficient, it is poised to bring about a new era of financial inclusivity and economic growth.
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