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Mobile money agents, on Stellar

Hold dollars inside the app you already use.

PesaKit is building a bridge between KES in M-Pesa, Airtel Money and Telkom wallets and USDC on Stellar. Verified agents convert KES to USDC and back, without offshore accounts or manual FX.

See how it works Build status
A PesaKit mobile money agent serving a customer

Idle float is the problem

Mobile money agents hold working capital as KES. It sits in wallets that earn little or nothing. Holding dollar value today means offshore accounts or manual conversion, with FX friction at every step.

Little or no return

Float in mobile money wallets earns little or nothing.

FX friction

Each manual conversion adds spread, delay and paperwork.

No dollar option

Agents without offshore accounts have no simple route to USDC.

The app agents already use

Current PesaKit app screens. The bridge screens are still in development.

PesaKit app welcome screen
Sign up and log in
PesaKit app home screen showing balance and actions
Home and balance
PesaKit app loans screen
Services in one place
PesaKit app profile screen with completeness score
Profile and completeness
PesaKit app screen for adding a national ID photo
Identity verification
PesaKit app invite a friend screen
Invite and earn

How a conversion works

Every step runs through checks before any USDC is credited.

  1. The agent requests a KES-to-USDC conversion in the PesaKit app.
  2. PesaKit verifies KYC status, the agent's conversion limit and sanctions screening.
  3. The mobile money payment is confirmed by the provider.
  4. A Soroban bridge contract records the conversion and credits USDC to the agent's Stellar account.
  5. The agent holds USDC, converts back to KES, or later deploys it into liquidity pools.

What the bridge includes

1

KES to USDC bridge

Convert in both directions from the agent's existing app.

2

Stellar balances and history

Balances and transactions settle on the Stellar ledger, giving agents and PesaKit a transparent record.

3

Per-agent limits

Conversion limits are enforced for every agent, from day one.

4

Optional liquidity

Later, agents may deploy held USDC into SoroSwap pools. Risks are disclosed. No returns are promised.

Build status

We publish what is built and what is not yet done.

  1. Soroban bridge contract, testnet

    In progress

  2. KYC-gated access with limits

    Planned

  3. SoroSwap liquidity, testnet

    Planned

  4. Agent dashboard

    In progress

  5. Mainnet launch after independent audit

    Planned

Safety and what we do not promise

  • No personal data is written on-chain.
  • Only verified PesaKit agents can use the bridge.
  • USDC balances are not guaranteed to hold their value, and PesaKit promises no returns.
  • Custody and the USDC issuance route are still being finalised. This page will be updated when they are confirmed.