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Fast Payment System (FPS)

Safaricom and Banks Question Kenya’s $200 Million Fast Payment System Plan

Emmanuel Nkansah Abankwah Jan 17, 2025

Safaricom and Kenyan commercial banks have raised concerns about the Central Bank of Kenya’s (CBK) proposal to create a Fast Payment System (FPS), estimated to cost $200 million and take up to four years to implement. The FPS is intended…
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