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Blow to Kenyan banks as Saccos close in on own money market

The East African
Monday February 08 2021
According to officials, the Sacco fund will be run and managed by Sasra with funding coming from both the Saccos and the government - edging out banks from the sector. PHOTO | FILE
Summary
Under the new regime, Saccos will run their own inter-Sacco market where they can lend and borrow from each other at reasonable rates.
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Kenyan Savings and Credit Co-operative Societies (Saccos) are moving closer to the implementation of an inter-Sacco lending market and eventual integration into the National Payments and Clearing system in a development, leaving commercial banks staring at close to Ksh2.33 billion ($21.37 million) loss in interest income on loans granted to the co-operative sector. ....

United States , John Munuve , Saccos Dtss , Uhuru Kenyatta , National Payments , National Payment System , Central Bank , Central Liquidity Fund , Kenya Law Reform Commission , Sacco Societies Regulatory Authority Sasra , Dave Grace Associates , National Treasury , Cooperative Societies , Sacco Societies Regulatory Authority , State Department , Cabinet Secretary , Budget Policy Statements , National Payment , Deposit Taking Saccos , Dave Grace , Kenya Sacco , Sacco Loan , Bank Loan , James Anyanzwa , ஒன்றுபட்டது மாநிலங்களில் , உஹுரு கெநியாட ,

Up to 10% of employees could already be affected by lockdown: BankservAfrica take-home pay index

Only 625 163 private pensions were made in December, which represents a 2.5% annual decline.
Early estimations point to around 5% to 10% of employees in the BankservAfrica payment system were affected by the lockdown.
There was a steep decline in the number of take-home payments in December, the index shows.
The total take-home pay in real terms declined by 2% year-on-year.
Along with tax relief and suspended pension fund contributions, the total take-home pay reflected in the BankservAfrica Take-home Pay Index (BTPI) for December 2020, does not yet reflect the reality of the overall employment situation, according to Mike Schüssler, chief economist at economists.co.za, who compiles the report. ....

South Africa , South African , Shergeran Naidoo , National Payment System , Bankservafrica Take Home Pay Index , Mike Sch , National Payment , தேசிய கட்டணம் அமைப்பு , மைக் ஸ்ச் , தேசிய கட்டணம் ,

WhatsApp scammers around you, stay safe with these handy tips

Highlights
WhatsApp has a 40 crore user base in India.
WhatsApp will be starting the digital payment service with a maximum registered user base of 2 crores.
New Delhi: WhatsApp is one of the most used and largest messaging platforms. It keeps launching various features for the customers. Recently it launched much-awaited payment service in India.
WhatsApp has partnered with National Payment Corp. of India (NPCI) to start its Unified Payments Interface (UPI) based digital payment service, WhatsApp Pay.
WhatsApp has a 40 crore user base in India. WhatsApp will be starting the digital payment service with a maximum registered user base of 2 crores. ....

New Delhi , National Payment Corp , National Payment , Unified Payments Interface , Whatsapp Pay , Aapp Pay , One Time Password , புதியது டெல்ஹி , தேசிய கட்டணம் கார்ப் , தேசிய கட்டணம் , ஒருங்கிணைந்த கொடுப்பனவுகள் இடைமுகம் , பகிரி செலுத்த , ஒன்று நேரம் கடவுச்சொல் ,

Harvesh Seegolam: Opening of the informative session on the MauCAS and the SADC and COMESA cross-border payment systems

Harvesh Seegolam: Opening of the informative session on the MauCAS and the SADC and COMESA cross-border payment systems
Speech by Mr Harvesh Seegolam, Governor of the Bank of Mauritius, at the opening of the informative session on the MauCAS and the SADC and COMESA cross-border payment systems, Port Louis, 16 December 2020.
Central bank speech
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The President of the Mauritius Chamber of Commerce and Industry
The Secretary General of the Mauritius Chamber of Commerce and Industry
The Chief Executive of the Mauritius Bankers Association
The President of the COMESA Business Council
Members of the business community
Representatives of the media
Ladies and Gentlemen ....

Financial Services Commission , Mauritius Chamber , Mauritius Bankers Association , Bank Payments , Association Of African Central Banks , Business Council , National Payment , Fintech Committee , First Deputy , Secretary General , Chief Executive , Mauritius Bankers , Mauritius Automated Clearing , Port Louis Automated Clearing House , National Payment Switch , Mauritius Central Automated , Bulk Clearing System , Regional Payment , Settlement System , Democratic Republic , Instant Payment Switch , African Central , Deputy Chair , Pan African Integrated Mobile Payment , நிதி சேவைகள் தரகு , மொரீஷியஸ் அறை ,

Access New Active Substance (NAS) Work Sharing Initiative

Access New Active Substance (NAS) Work Sharing Initiative
The New Active Substance Work Sharing Initiative has successfully approved several medicines through this international collaboration and continues to foster cooperation and strong relationships between its Access partners.
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By engaging in these partnerships, Access is able to co-ordinate regulatory review procedures, and increase each agency’s capacity to ensure consumers have timely access to high quality, safe and effective therapeutic products.
Assessment procedure
The applicant should first express interest in the initiative by using the Expression of Interest (EOI) form (MS Word Document, 123KB) to the relevant authorities. This should be done 3 - 6 months before the target submission date. ....

United Kingdom , Access Consortium , National Fees , Kingdom Public Assessment Report , Canadian Summary Basis , ஒன்றுபட்டது கிஂக்டம் , நுழைவு கூட்டமைப்பு , தேசிய கட்டணம் , கிஂக்டம் பொது மதிப்பீடு அறிக்கை , கனடியன் சுருக்கம் அடிப்படையில் ,