Kenyan commercial banks are opposing the Central Bank of Kenya’s (CBK) plans to develop a new real-time payments system from scratch, advocating for an upgrade to Pesalink instead. They argue that improving the current system would save time, cut costs, and minimise disruptions.
In a letter seen by TechCabal, the Kenya Bankers Association (KBA) urged CBK to build on Pesalink, the…
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