Quick answer

GeraCash is a multi-currency wallet that settles in KES for Kenyan users, integrates natively with M-Pesa for top-up and withdrawal, complies with Central Bank of Kenya (CBK) AML/KYC guidelines under the National Payment System Act, and supports cross-border remittance into Kenya from the UK, EU, and the diaspora.

Regulation: CBK and the National Payment System Act

Payment services in Kenya are supervised by the Central Bank of Kenya (CBK) under the National Payment System Act and its 2014 Regulations. Electronic money issuers are licensed under the E-Money Regulations. AML/CFT obligations follow the Proceeds of Crime and Anti-Money Laundering Act (POCAMLA) enforced by the Financial Reporting Centre (FRC). GeraCash partners with a CBK-licensed payment services provider to offer KES wallets to Kenyan users and applies tiered KYC: Tier 1 (National ID, up to KSh 100,000 monthly throughput), Tier 2 (ID + proof of address, KSh 1,000,000), Tier 3 (business KYC, unlimited). Data handling follows the Data Protection Act 2019 under ODPC.

M-Pesa integration

M-Pesa is Kenya's dominant payment rail and GeraCash is built around it. Features:

M-Pesa top-up (STK push) — funds appear in wallet in seconds
Withdraw to M-Pesa — settlement typically < 60 seconds
Pay any M-Pesa Paybill or Till number from your GeraCash balance
Bulk disbursement (B2C) for merchants paying suppliers or casual workers
M-Pesa statement import for reconciliation and expense tracking

Fees in KSh

Wallet-to-wallet transfer within Kenya: free
M-Pesa top-up: 0% (CBK-capped)
Withdraw to M-Pesa: CBK tariff (KSh 11–110 depending on band)
International remittance inbound to KES: 0.9% FX spread (undercuts most competitors)
Merchant card acceptance: 2.5% + KSh 10 per transaction

Competitive landscape

M-Pesa (Safaricom) is the incumbent with around 80% market share, Airtel Money is the challenger, and T-Kash (Telkom) is the third. Flutterwave, Pesapal, and DPO dominate card acceptance for merchants. GeraCash's niche: a single wallet that bridges card rails, M-Pesa, and cross-border remittance with tighter FX spread than WorldRemit or Wise for KES corridors.

Remittance into Kenya

The diaspora remits USD 4+ billion into Kenya annually (CBK data). GeraCash supports inbound transfers from GBP, EUR, USD, AED, and CAD corridors into KES wallet or directly to an M-Pesa number. Typical settlement: under 5 minutes, with real-time FX rate locked at initiation.

Cities and merchant coverage

Available to anyone in Kenya with a National ID. Merchant onboarding concentrated in Nairobi, Mombasa, Kisumu, Nakuru, and Eldoret but any registered business nationwide can apply.

Related Gera products for Kenya

GeraMarket in Kenya — seller settlement via GeraCash for lower fees.
GeraJobs in Kenya — receive freelance payments into GeraCash from international clients.
GeraRide in Kenya — daily driver payouts without M-Pesa withdrawal fees.

GeraCash in Kenya 2026 — CBK-Aware Wallet with M-Pesa Rails