TendePay and Pesalink Partner on Instant Payments in Kenya

TendePay and Pesalink have come together in a new partnership to make sending and receiving money much easier and faster for businesses in Kenya. This partnership means that companies can now make instant payments, whether it is a single payment or many at once, up to about USD 7,740 (or Kes 999,999). These payments can be done anytime, day or night, and they work across all banks in Kenya.

TendePay started off as just a small tool to help with petty cash, but it has grown into a full spend management platform that helps businesses handle all their money needs. Now, by working with Pesalink, which has a trusted and affordable instant payment network, TendePay offers businesses a way to manage payments like salaries, bills, supplier payments, and customer collections in real time. What’s good about this system is that it follows the rules set by the Central Bank of Kenya, so businesses can trust it to be safe and reliable.

The CEO of TendePay, Abel Masai, said this partnership shows how TendePay has grown. He explained that with the strong system from Pesalink, they can give businesses a secure and affordable tool to manage their payments, big or small, whenever they need to.

TendePay and Pesalink Partner on Instant Payments in Kenya

This new solution is especially helpful for businesses that move money a lot, including microfinance companies, manufacturers, retailers, logistics firms, and even hotels and restaurants. Together, Pesalink and TendePay are helping Kenyan businesses take control of their money and make smarter payment choices.

Kenya has more than 7.4 million small and medium businesses (MSMEs), and these companies provide jobs for almost 15 million people and support about 40 percent of the country’s economy. Despite this, many MSMEs find it hard to get the right financial services they need. That is why the TendePay and Pesalink partnership on instant payments is so important—it gives these businesses a quick and easy way to send and receive money without hassle.

Gituku Kirika, the CEO of IPSL, which runs Pesalink, said that working together is the best way to help businesses manage payments better. Pesalink was built to make sure money transfers are fast and affordable across Kenya. By joining with TendePay, they are giving businesses of all sizes a way to be more efficient, control their money more easily, and have confidence every day.

Pesalink already allows instant payments between accounts in over 80 banks, SACCOs, mobile companies, and fintech businesses. Now, with the partnership, businesses using TendePay can automatically match payments that come in to their records. This means less time is wasted on manual checks, and more time can be spent growing the business.

Abel Masai added that by bringing together TendePay’s tools and Pesalink’s payment network, they have built a solution made for Kenyan businesses. This makes money management simpler and faster, giving businesses the power to control their payments better.

The TendePay and Pesalink partnership on instant payments in Kenya is a big win for businesses across the country. It offers a fast, safe, and affordable way for companies to handle their money anytime. This is especially helpful for the many MSMEs that drive Kenya’s economy. Thanks to this partnership, Kenyan businesses can now move money smarter and grow stronger than before.

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