Equity Bank, PesaLink, and NALA have partnered to streamline and simplify remittances for Kenyans living abroad, enabling instant delivery of funds to mobile wallets and bank accounts in Kenya.

• Kenyans in the diaspora remitted $4.94 billion last year, making it a top source of foreign exchange for the country.
• The partnership combines PesaLink's instant payment infrastructure, supporting transfers up to Ksh 999,999 across 80+ institutions, with NALA's global fintech platform and Equity Bank's extensive local network.
• COO of NALA, Nicolai Eddy, highlighted that billions are lost annually to cross-border payment fees, emphasizing the goal to make payments faster, more reliable, and affordable.