🇰🇪 Pay Suppliers in Kenya
Pay Kenyan suppliers for agricultural products, tea, coffee, textiles, logistics
T+0 (2.3s avg within Unicorn network). Save 86% vs traditional banks.
What you need to send money to Kenya
What details do I need to pay suppliers in Kenya?
To pay suppliers in Kenya you need the recipient's Bank Code + Account (Bank code and account (or M-Pesa for mobile)), plus account number and beneficiary name. Payments typically settle in 2.3 seconds and cost 0.5% FX spread + £5 per payment.
How fast are payments to Kenya?
Payments to Kenya settle in an average of 2.3 seconds when using local rails such as M-Pesa, compared to 2–3 days via traditional SWIFT.
How much does it cost to send money to Kenya?
Unicorn Currencies charges 0.5% FX spread and £5 per payment. You save about 86% versus banks (e.g. £505 vs £3535 on a £100k transaction).
Cost Comparison: Banks vs Unicorn Currencies
See how much you save on £100,000 payment to Kenya
| Cost Item | Traditional Banks | Unicorn Currencies |
|---|---|---|
| FX Spread | 3.5% | 0.5% |
| Payment Fee | £35 | £5 |
| Total Cost (£100,000) | £3,535 | £505 |
| YOUR SAVINGS | N/A | £3,030 (86%) |
| Settlement Time | 2-3 days (SWIFT) | T+0 (2.3s avg within Unicorn network) |
Local Payment Rails in Kenya
Avoid expensive SWIFT fees. We use local payment systems in Kenya for faster, cheaper settlement.
M-Pesa
Africa's leading mobile money platform, instant transfers
PesaLink
Inter-bank instant payment system connecting all major banks
RTGS
Kenya National Payments System for high-value transfers
Who Uses This Payment Corridor
Key Industries in Kenya
- Agriculture
- Tea & Coffee Export
- Textile & Apparel
- Tourism
- Logistics
Average Transaction: £30k-£150k
Typical Monthly Volume: £100k-£800k
Popular Supplier Types
- Tea exporters (Kericho, Nandi)
- Coffee growers (Mt. Kenya, Nyeri)
- Textile manufacturers (Nairobi, Thika)
- Logistics providers (Mombasa, Nairobi)
What You Need to Know: Kenya Payments
Regulatory Considerations
- Central Bank of Kenya (CBK) foreign exchange regulations
- Kenya Revenue Authority (KRA) tax compliance
- Import Declaration Form (IDF) for customs
- M-Pesa requires Kenyan mobile number for suppliers
Payment Tips for Kenya
- M-Pesa dominates - most suppliers prefer it over bank transfers
- Kenya = East African trade hub, gateway to EAC market
- Tea/coffee exports world-renowned - quality documentation required
- Use PesaLink for bank-to-bank, M-Pesa for smaller suppliers
Why Choose Unicorn for Kenya Payments
Local Rails, Not SWIFT
We use M-Pesa and other local systems in Kenya. Avoid 3-4% SWIFT fees and 2-3 day delays.
86% Lower Costs
Save £3,030 on every £100,000 payment. On £100k-£800k monthly volume, save up to £90,900 annually.
Bank of Canada Supervised
Registered Payment Service Provider (PSP) and FINTRAC MSB. Full regulatory compliance for Kenya payments.
Real-Time FX Tracking
Upload supplier invoices in KES. See live P/L as GBP/KES rates move. Lock rates for 15 seconds before committing.
£1,000,000+ Paying Suppliers in Kenya? Save 86%
Enterprise treasury for import/export businesses with T+0 (2.3s avg within Unicorn network) settlement to Kenya
For businesses with high annual FX volume. Not consumer transfers.