Pesa
This platform facilitates cross-border money transfers for individuals and businesses. It aims to provide a convenient solution for sending and receiving funds internationally, catering to users in various regions.
- Offers competitive exchange rates
- Supports multiple currencies
- Ensures secure transactions
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Quality Indicators
Overall score: 4.01 / 5
Exchange Rate Performance
| Corridor | Rate | Mid-Market | vs Mid | Updated |
|---|---|---|---|---|
| United Kingdom → Nigeria | 1 GBP = 1,980.00 NGN | 1 GBP = 1,777.42 NGN | -11.40% | 2/26/2026 |
Latest News
Kenya's mobile-money boom, led by M-Pesa, reshaped everyday financial life, but the country is now exploring a new domestic card scheme as it looks beyond that single system. This shift raises questions about how Kenya's broader payments infrastructure should evolve to support more diverse financial tools and competition. The move signals an effort to modernize and diversify the national payments landscape beyond its mobile-money origins.
For consumers: as Kenya builds new payment options beyond mobile money, users may soon have more choices and potentially better services for how they pay, save, and borrow.
PesaFlowt, a Nairobi startup, secured $550,000 in funding as it works toward building a $1 million loan portfolio. The company applies machine learning to evaluate small business finances, drawing on mobile money records and accounting data rather than conventional credit histories. This approach could open up financing options for entrepreneurs who banks typically overlook due to insufficient documented credit records.
For consumers: small business owners without traditional credit records may find it easier to qualify for loans by having their mobile money and accounting data evaluated through this AI-driven system.
The article discusses the distinction between brand communications and marketing, highlighting how successful companies like Paystack and M-Pesa effectively utilize both strategies. By examining these case studies, it emphasizes the importance of understanding these concepts for business growth and consumer engagement.
For consumers: This insight helps users understand how the branding and marketing strategies of fintech apps can impact their experience and the value they receive.
Wise