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Fintech platform, Layer, set to transform digital banking experience across Kenya through UBA partnership

Fintech platform, Layer, set to transform digital banking experience across Kenya through UBA partnership
nairametrics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nairametrics.com Daily Mail and Mail on Sunday newspapers.

Kenya national treasuryUnited bankKenya national payments systemSub saharan africaNational treasuryகேந்ய தேசிய கருவூலம்ஒன்றுபட்டது வங்கிகேந்ய தேசிய கொடுப்பனவுகள் அமைப்புதேசிய கருவூலம்

Fintech Layer partners with UBA for digital banking in Kenya

Fintech Layer partners with UBA for digital banking in Kenya
thepaypers.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thepaypers.com Daily Mail and Mail on Sunday newspapers.

Banks Lose Ksh1 2B as Kenyans Embrace New Platform

Banks Lose Ksh1.2B as Kenyans Embrace New Platform 20 January 2021 - 4:28 pm Central Bank of Kenya Governor Patrick Njoroge during a press conference in Nairobi on May 28, 2020. Twitter The Kenyan banking industry lost over Ksh1.2 billion of potential card payment revenue in 9 months (March-November 2020) to mobile money platforms, according to a press release from the Central Bank of Kenya (CBK). The report draft titled Mobile money transactions volumes and values have shown the largest growth since the inception of this payment instrument, Initially emerging as a means of sending money between individuals, merchant payments were later enabled in 2013. Since then, the total volume and value of payments have increased rapidly, reads an excerpt from the report.

Nairobi areaSimon kiraguKenya national payments system visionCentral bankInternational settlementsKenya national payments systemNational payments systemநைரோபி பரப்பளவுகேந்ய தேசிய கொடுப்பனவுகள் அமைப்பு பார்வைமைய வங்கிசர்வதேச குடியேற்றங்கள்கேந்ய தேசிய கொடுப்பனவுகள் அமைப்புதேசிய கொடுப்பனவுகள் அமைப்பு

Central Bank pushes firms to cut mobile payment charges

THE STANDARD By Frankline Sunday | December 29th 2020 at 00:00:00 GMT +0300 CBK Governor Patrick Njoroge at a past press briefing. [File, Standard] The government is pushing for interoperability among digital financial service providers to encourage the adoption of cashless transactions. This is according to the latest Central Bank of Kenya (CBK) policy document detailing new proposals that could significantly affect banks, mobile telecommunication firms and financial technology firms (fintechs) operating in the country. “Though the industry moved to enable interoperability of mobile wallets in 2018, this is limited to only person to person (P2P) payments, and is yet to be expanded to both merchant and agent interoperability and even to work seamlessly at P2P,” explains the CBK in the draft report dubbed Kenya National Payments System 2021-2025.

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