Co-op Bank, NCBA join Pesalink money transfer fee cuts in retail battle

Co-operative Bank and NCBA have rolled out free transfers of up to Sh1,000 and a flat charge of Sh20 on larger Pesalink transactions. These banks join major lenders like KCB Bank Kenya and Absa Bank Kenya in this initiative aimed at capturing a larger share of person-to-person payments. Other institutions offering reduced Pesalink charges include UBA Kenya and Ecobank Kenya.