Kenya: Central Bank adopted circular No. 1 of 2024 on migration of domestic high value payment system to ISO 20022 standards
Description
Central Bank adopted circular No. 1 of 2024 on migration of domestic high value payment system to ISO 20022 standards
On 11 September 2024, the Central Bank of Kenya (CBK) issued Microfinance Banks circular No. 1 of 2024 on the Migration of domestic high-value payment systems to ISO 20022 standards, requiring operational readiness for the new standards. The migrati…
Scope
Policy Area
Design and testing standards
Policy Instrument
Interoperability requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank