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20NINE and Kenya's Largest Bank Partner to Tackle Transaction Costs

Press release -

20NINE and Kenya's Largest Bank Partner to Tackle Transaction Costs

Strategic alliance aims to drive digital payments and financial inclusivity through zero transaction cost solution.

Nairobi, Kenya - December 5, 2023 – Fintech platform 20NINE and Kenya's largest bank have formed a strategic partnership to address high transaction costs, promote digital payments, and empower small shops (Dukas) to grow in the digital economy. The alliance will increase the bank's market share and grant 20NINE access to a substantial user base.

Currently, 71% of payments in Kenya remain cash-based due to excessive transaction costs. This situation impedes the transition to digital payments and the ability of small shop owners and their customers to build financial history and creditworthiness, notably affecting the growth potential of Dukas.

The partnership leverages the bank's infrastructure with 20NINE's fintech platform to provide small shops with digital business tools and the opportunity to sell online. A significant aspect of the collaboration is the introduction of a zero transaction cost alternative to the market. Something that will disrupt the status quo in Kenya and accelerate the adoption of digital payments.

20NINE's CEO, Andreas Lalangas, commented, "We are all about next-generation digital payments. And this partnership is a significant step towards digitising society and making the underserved bankable."

The alliance embodies 20NINE's commitment to innovating Kenya's financial landscape, fostering financial inclusivity, and propelling the nation towards a new digital payment era.


20NINE is the peer-to-peer fintech platform that makes people bankable.

Acting on leapfrogging markets, we serve as the link between merchants and their customers. Our mobile apps offer easy and accurate shopping experiences, extending the merchants' reach and empowering users to build a financial history via next-generation digital payments.

For more information, please contact Joachim Cronquist at or visit


Andreas Lalangas

Andreas Lalangas

Press contact CEO +46700929572

The impact Fintech platform

20NINE is the Fintech platform that makes micro-retailers and consumers in leap markets credit-ready with AI.

Our mobile apps offer easy and accurate shopping experiences both online and in-store. We help micro-retailers grow by extending their reach and via AI make both them and their customers credit-ready via our next-generation digital payments.

20NINE is established with offices and own subsidiaries in Sweden and Kenya.

Nybrogatan 60
114 40 Stockholm