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The Central Bank of Kenya (CBK) announces that the Kenya Electronic Payment and Settlement System (KEPSS) has been successfully migrated to the ISO20022 Global MessagingStandard (“ISO20022 Standard”). It is the backbone of Kenya’s domestic and regional payment transactions.
ISO 20022 is a messagingstandard used across the financial industry. In the domestic Real-TimeGrossSettlement (RTGS)/Wire and cross-border payment spaces, transformation to the most recent ISO 20022 (HVPS+ and CBPR+) messagingstandards has been ongoing since 2022.
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