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CBK Extends Bulk Payment Settlement Hours to Boost Efficiency of Large-Value Transactions

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The Central Bank of Kenya (CBK) has extended the operating hours of its Kenya Electronic Payment and Settlement System (KEPSS), a move expected to significantly ease the completion of large-value and time-sensitive transactions. The system, which handles trillions of shillings in daily interbank transfers, will now operate for longer hours to allow more flexibility for banks and financial institutions in executing bulk payments. The extensi.......

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