Central Bank of Kenya (CBK) noted that a fast payment system (FPS) will integrate certain aspects of payments offered by financial institutions The regulator revealed FPS will enable customers to send ...

Colombo, October 18 (Daily Mirror)- Former presidents Ranil Wickremesinghe and Chandrika Kumaratunga engulfed in an argument over an incident of a certain political leader’s young son hiding USD ...

The Central Bank of Kenya (CBK) has announced its plans to develop a new instant payment system which will be the biggest advance the country’s money transfer network has seen so far. The Fast Payment ...

CBK assigned the German firm trading as Giesecke+Devrient Currency Technologies, the Sh14.5 billion tender through a ‘classified’ direct procurement. The firm is expected to print 460 million ...

Commercial banks have deepened their dependence on the Central Bank of Kenya (CBK) for liquidity support, pushing their cumulative drawdowns through reverse repurchase agreements (repos ...

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 ...

The Central Bank of Kenya (CBK) on Tuesday announced the successful transition of the Kenya Electronic Payment and Settlement System (KEPSS) to the ISO20022 Global Messaging Standard (“ISO20022 ...

Last month the regulator directed banks and microfinance banks to commence testing of the upgraded system for messaging high-value financial transactions to increase speed of transfers while ...

The Central Bank of Kenya (CBK) announced on October 14, 2024, the successful migration of its Kenya Electronic Payment and Settlement System (KEPSS) to the ISO20022 Global Messaging Standard. This ...