Remove Message Standards Remove Real Time Gross Settlement (RTGS) Remove Transactions
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Successful Migration of the Kenya Electronic Payment and Settlement System to the ISO20022 Global Messaging Standard

Fintech Finance

The Central Bank of Kenya (CBK) announces that the Kenya Electronic Payment and Settlement System (KEPSS) has been successfully migrated to the ISO20022 Global Messaging Standard (“ISO20022 Standard”). It is the backbone of Kenya’s domestic and regional payment transactions. million transactions valued at over Ksh.

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RT2: A strategic transformation for UK payment providers

The Payments Association

Payment providers to strategically invest in ISO 20022 implementation, API integration, and service innovation to fully leverage RT2’s capabili The launch of RT2, the renewed Real Time Gross Settlement (RTGS) service, on 28 April 2025 marks a significant milestone for the UK’s payments infrastructure.

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Real Time Heats Up In B2B, While Blockchain Gains Traction

PYMNTS

This week’s round-up of the latest innovations in payment rails for B2B payments shows a key focus on real-time transactions and embrace of emerging, faster payment rails. We started on the process of seriously thinking through what it looks like to add value to transactions, even if you don't control the underlying rails.".

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EU Parliament Eyes New Rules On Cross-Border Payment Fees

PYMNTS

The rules state that each transaction should disclose the amounts that are being paid in local currencies, as well as the currencies of the destination accounts. Details are to be sent, free of charge, via push notifications across email or text message to mobile or web-banking applications. Faster Payments In Asia.

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The payments regulation roadmap: Q2 2025

The Payments Association

Related links: Financial promotion rules for cryptoassets Financial promotions data 2024 Top regulatory priorities for the payments sector Mandatory adoption of ISO 20022 for cross-border payments (final preparations Q2) The transition to ISO 20022 for cross-border payments is a fundamental shift in global financial messaging standards.