NairobiWire.com
The Central Bank of Kenya (CBK) has initiated a transition from the Kenya Electronic Payment and Settlement System (KEPSS) to the globally recognized ISO 20022 Standard. In its announcement, CBK emphasized that KEPSS, Kenya’s Real-Time Gross Settlement (RTGS) system, plays a crucial role in facilitating large-value and time-sensitive payments…
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CBK Modernizes Kenya’s Payment System, Directs Banks to Prepare for Transition
Richard Kamau
17:27
The Central Bank of Kenya (CBK) has initiated a transition from the Kenya Electronic Payment and Settlement System (KEPSS) to the globally recognized ISO 20022 Standard. In its announcement, CBK emphasized that KEPSS, Kenya’s Real-Time Gross Settlement (RTGS) system, plays a crucial role in facilitating large-value and time-sensitive payments…
