Integrated Payment Services Limited (IPSL), the subsidiary of Kenya Bankers Association (KBA) that operates the banking industry’s instant payment service PesaLink, has announced the appointment of Gituku Kirika as Chief Executive Officer.
Mr Gituku takes over from Agnes Gathaiya, who was appointed Google Country Director for East Africa at Google.
PesaLink has been growing in popularity since it was launched three years ago, with more than six million Kenyans having moved in excess of Ksh200 billion across the 25 plus participating banks.
Mr Gituku has extensive banking and fintech leadership experience, having worked across East Africa with Standard Chartered Bank and DTB, primarily in product development.
Prior to joining IPSL, Gituku was Director for Digital Payments (Sub-Saharan Africa) at Mastercard. He has spearheaded various partner and regulatory engagements that have promoted digitization and transformation within the industry, delivering market first solutions.
Integrated Payments Service Limited was established by the Kenya Bankers Association (KBA) in 2017 under the National Payment System (NPS) Act. It was formed to address the challenge of integrating retail payments across the banking ecosystem.
The company provides a secure, fast and efficient money transfer system by tapping into the latest technological advances. The inter-banking money transfer service, branded PesaLink, allows customers to send money from one bank account to another bank account in real time across all banks’ retail payment channels including mobile, ATM, Internet banking, agency, bank branches and point of sale.
PesaLink provides a 24 hour, seven days a week (including public holidays) platform enabling customers to send money from as low as Ksh10 to as much as Ksh999,999 at a low fee. IPSL aims at creating value for the industry, banks and customers through innovation and interoperability.
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