DIB Bank Kenya Limited, a subsidiary of Dubai Islamic Bank has introduced PesaLink, an interbank transfer digital payment solution, as part of its digital banking providing convenience to customers.
“We are committed to the continuous improvement of our banking services for the benefit and convenience of our customers,” said DIB Bank Managing Director Peter Makau.
The service enables customers to make single payment transactions of up to KSh300,000 and up to a daily aggregate limit of KSh999,999 conveniently.
Pesalink is a digital banking platform that was introduced in Kenya on February 17th, 2017. It allows bank to bank and mobile to bank or bank to mobile real-time money transfers.
“We are living in an era where convenience, speed and efficiency are key in any industry and especially the banking sector. We encourage our customers to embrace this new service which they can access from the convenience and comfort of wherever they are through their mobile phone,” said Makau.
In 2020, DIB Bank Kenya emerged as the best Islamic bank in Kenya during the Islamic Finance News (IFN) awards.
The Islamic Finance News awards are recognized by the Global Islamic Capital Markets for the past 15 years and are held to honour the most accomplished businesses operating across the global Islamic finance sector.
The Islamic Finance News awards are recognized by the Global Islamic Capital Markets for the past 15 years, and are held to honor the most accomplished businesses operating across the global Islamic finance sector.
Advantages of using Pesalink
It prevents the user from carrying big currency or cash in their pockets. This ensures the safety of the users’ money.
It is affordable as the charges experienced are way below what the user would have experienced if they had opted for loop transactions or other alternatives such as cheques.
It is real-time. The instant payment takes about 45 seconds, thus ensuring efficiency in the banking space and this helps save time for the economy and makes business for SMEs and corporates run faster.
The service is affordable 24/7. This ensures cash flow for businesses is constant as Pesalink operates throughout. SMEs, corporates and individuals can use it long faster close of business, during public holidays, through Sundays as well.
How does one register to Pesalink?
Banks which are have integrated the Pesalink services to their business models will send registered users an SMS informing them that they have been registered.
For those who seek to opt out of the service, they can send a message saying they decline the service.
