Pesalink, Strathmore University launch AI fintech hackathon

Pesalink has partnered with Strathmore University to host the 2025 AI Fintech Hackathon aimed at empowering student developers to build solutions for real-world payment challenges.

The event, held at Strathmore University, brought together 150 computer engineering students tasked with developing AI-powered tools to address failures in bulk transaction validation—a common issue that leads to delays and unsuccessful payments when incorrect account details are used.

“At Pesalink, we are passionate about innovation as a means to creating more inclusive and seamless payments,” said Plounne Oyunge, Chief Growth Officer at Integrated Payment Services Limited (IPSL), the operator of Pesalink.

“This hackathon is more than a competition—it’s a practical step toward solving real infrastructure challenges, while nurturing the next generation of fintech innovators who will shape the future of digital finance.”

The students were mentored by Pesalink’s product and engineering teams and evaluated based on innovation, scalability, security, and potential impact. Winning teams received recognition for their solutions.

“Today’s opportunity was not just about coding. It’s about creating infrastructure that enhances financial inclusion and supports Kenya’s broader digital economy goals,” said Michael Gikonyo, Chairperson of the Strathmore Computer Engineering Students Association (SCESA).

The hackathon aligns with IPSL’s efforts to foster collaboration and prepare for the rollout of Kenya’s national Fast Payment System (FPS), reinforcing the importance of real-time, secure, and accessible digital payments.