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Successful Migration of the Kenya Electronic Payment and Settlement System to the ISO20022 Global Messaging Standard

Fintech Finance

The Central Bank of Kenya (CBK) announces that the Kenya Electronic Payment and Settlement System (KEPSS) has been successfully migrated to the ISO20022 Global Messaging Standard (“ISO20022 Standard”). KEPSS, which is Kenya’s Real-Time Gross Settlement (RTGS) system, is operated by CBK to process large-value and time-critical payments.

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Third Parties Help Central Banks Ride RTP Rails

PYMNTS

The organization’s Faster Payments Playbook Project Team recently held its first in-person meeting. Members gathered to discuss which key topics needed to be featured in a Faster Payments Playbook, a resource that would guide FIs in their faster payment strategies. are working to promote faster payments.

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ACI Streamlines Banks’ Path To Real-Time Payments

PYMNTS

10) that its UP Real-Time Payments Solution has officially launched in an effort to help banks and other financial institutions support real-time payment services and streamline the way in which these FIs realize their real-time payments strategies.