2023-03-28

Banking Circular No. 2 of 2023 - Publishing of the Domestic High Value Payments ISO 20022 Message Standards

The Central Bank of Kenya is collaborating with the country's financial industry to migrate the Kenyan Payment and Settlement System (KEPSS) to ISO 20022 Standards. This migration aims to implement the National Payment Strategy 2022-2025, modernizing the national payments system. The new standards will enhance operational efficiency and provide richer data for analytics through improved financial messaging. Banks and other financial institutions must adopt these standards in readiness for the KEPSS migration, with the Central Bank providing support throughout the process.

Kenya

Central Bank of Kenya

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