One Industry. Transforming Kenya

Gituku Kirika Joins PesaLink Operator Integrated Payment Services Limited (IPSL) as Chief Executive Officer

Nairobi 15th January 2021 - 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. Gituku takes over from Agnes Gathaiya. Over 6 million Kenyans have moved in excess of Ksh 200 billion across the 25 plus participating banks since PesaLink was launched by IPSL and KBA in 2017.

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.

About Integrated Payments Service Limited (IPSL)

IPSL (www.ipsl.co.ke) 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 was established to provide 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, 7 days a week (including public holidays) platform enabling customers to send money from as low as KSh. 10 to as much as KSh. 999,999 at a low fee. IPSL aims at creating value for the industry, banks and customers through innovation and interoperability.

Media Contact:

Ms. Rose Matasio

Supervisor - Operations

Email: Info@ipsl.co.ke

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