2024-09-11

Banking Circular No. 2 of 2024 - Migration of Domestic High Value Payment System to ISO 20022 Standards

The Central Bank of Kenya, in partnership with the financial industry, is migrating its payment system KEPSS to ISO 20022 standards. This transition is part of implementing the National Payment Strategy 2022-2025 and modernizing the National Payments System (NPS). The adoption of ISO 20022 messages will enhance operational efficiency and provide richer data for analytics. A pilot phase, dress rehearsal, and a proposed go-live date have been scheduled to facilitate this migration process, with the Central Bank closely collaborating with financial institutions throughout.

Kenya

Central Bank of Kenya

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