GTBank Waives Fees on Small Transfers in Bet on Volume Growth
Guaranty Trust Bank has announced the scrapping of Pesalink transaction fees for transfers below KES 1,000. This appears to be a calculated bet on growing digital transactions. The bank revised its Pesalink pricing structure as follows Effective 1st March 2026: With this move, ..
✨ Key Highlights
Guaranty Trust Bank (GTBank) is eliminating transaction fees for Pesalink transfers under KES 1,000, effective 1st March 2026, a move aimed at boosting digital transaction volumes.
- GTBank will offer free Pesalink transactions for amounts between KES 0 – 1,000.
- The decision was announced by Jubril Adeniji, Managing Director of GTBank Kenya.
- This strategy prioritizes transaction frequency and customer engagement over short-term fee income, while other tiers will see fees of KES 5 and KES 20.
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GTBank Waives Fees on Small Transfers in Bet on Volume Growth - March 2026
Guaranty Trust Bank (GTBank) is eliminating transaction fees for Pesalink transfers under KES 1,000, effective 1st March 2026, a move aimed at boosting digital transaction volumes. The African Development Bank Group has separately committed €6.5 million to the Saviu II fund to support technology startups across Africa through seed-stage and early institutional funding. Cassava Technologies has launched the Cassava Autonomous Network, an AI-powered solution designed to optimize mobile Radio Access Networks (RAN) across Africa. These developments reflect a broader push across Africa's financial and telecom sectors to drive digital adoption and expand connectivity.
