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Originally published by Techish Kenyatech
February 27, 2026
3h ago
Pesalink Finally Wakes Up: The PAPSS Integration That Bypasses the Dollar and Threatens the Fintech Ecosystem
Pesalink just plugged into PAPSS, bypassing the dollar for instant KES cross-border payments. This is a massive win for Kenyan SMEs, but an existential threat to remittance startup business models...
✨ Key Highlights
Pesalink has integrated with the Pan-African Payment and Settlement System (PAPSS), enabling instant, 24/7 cross-border payments in local currencies across Africa and bypassing the US Dollar.
- Connects over 80 Kenyan financial institutions directly to a continental network of over 160 banks.
- Key organizations: Pesalink (owned by the Kenya Bankers Association) and PAPSS (backed by Afreximbank).
- This integration threatens to disrupt numerous African fintech startups that have historically focused on solving cross-border payment inefficiencies.
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