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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
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Kenya National Treasury , United Bank , Kenya National Payments System , Sub Saharan Africa , National Treasury , கேந்ய தேசிய கருவூலம் , ஒன்றுபட்டது வங்கி , கேந்ய தேசிய கொடுப்பனவுகள் அமைப்பு , தேசிய கருவூலம் ,

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 Area , Simon Kiragu , Kenya National Payments System Vision , Central Bank , International Settlements , Kenya National Payments System , National Payments System , நைரோபி பரப்பளவு , கேந்ய தேசிய கொடுப்பனவுகள் அமைப்பு பார்வை , மைய வங்கி , சர்வதேச குடியேற்றங்கள் , கேந்ய தேசிய கொடுப்பனவுகள் அமைப்பு , தேசிய 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. ....

Patrick Njoroge , Prasanta Das Sarma , Kenya National Bureau Of Statistics , Airtel Networks Kenya Ltd , Central Bank , Finaccess Household , Kenya National Payments System , Afro Asian Fintech Festival , National Payments System , Access Household Survey , Kenya National Bureau , Financial Sector Deepening , பேட்ரிக் ஞ்சோறொகே , பிரசாண்த தாஸ் சர்மா , கேந்ய தேசிய பணியகம் ஆஃப் புள்ளிவிவரங்கள் , ஏர்டெல் நெட்வொர்க்குகள் கேந்ய லிமிடெட் , மைய வங்கி , கேந்ய தேசிய கொடுப்பனவுகள் அமைப்பு , தேசிய கொடுப்பனவுகள் அமைப்பு , நுழைவு வீட்டு கணக்கெடுப்பு , கேந்ய தேசிய பணியகம் , நிதி துறை ஆழப்படுத்துதல் ,