Kenya: Central Bank's circular No. 1 of 2024 on migration of domestic high value payment system to ISO 20022 standards entered into force
Description
Central Bank's circular No. 1 of 2024 on migration of domestic high value payment system to ISO 20022 standards entered into force
On 30 September 2024, the Central Bank's (CBK) 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 entered into force. The mi…
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