UPESI TARGETS KES1 BILLION IN OUTBOUND TRANSFERS AS ZERO-FEE CAMPAIGN DRIVES CROSS-BORDER PAYMENTS
Kenyan outbound money transfer service Upesi is targeting more than KES1 billion in transactions over four months as it rolls out a zero-fee campaign across eight international payment corridors. The campaign, which began on September 1 and runs until the end of December 2026, covers transfers from Kenya to China, Uganda, Rwanda, Tanzania, Ghana, the Philippines, the United Arab Emirates and Nigeria. Upesi expects to process about KES276 million per month, with China projected to account for approximately KES150 million monthly, largely driven by payments from Kenyan businesses sourcing goods and services from the Asian market. According to Upesi Head of Treasury John Gitau, the initiative seeks to make international transfers more accessible and affordable for businesses and individuals as cross-border trade and economic links continue to grow. The campaign targets SMEs, importers, students, investors and families making payments abroad, with the company expecting demand t...