[kictanet] Central Bank of Kenya and Electronic Payments

[Ali Hussein]

Barrack

The Kenya Bankers Association is also involved in the clearing house. The
other thing that would be good to check is this:-

Say your RTGS credit was 20k. Assume that your bank has say 1 million
customers. Do the math and say 10% of those customers transfer money via
RTGS. I personally have had to wait 4-5 days for such transfers to hit my
account. Can you imagine how much your bank is making on the overnight
lending desk?

Sometimes we blame technology to cover up some unsavoury practices..

*Ali Hussein*





Tel: +254 770 906375/ 713 601113

Twitter: @AliHKassim

Skype: abu-jomo

LinkedIn: http://ke.linkedin.com/in/alihkassim
<http://ke.linkedin.com/in/alihkassim>

Blog: www.alyhussein.com


Any information of a personal nature expressed in this email are purely
mine and do not necessarily reflect the official positions of the
organizations that I work with.

On Tue, Mar 24, 2015 at 2:39 PM, Barrack Otieno via kictanet <
kictanet at lists.kictanet.or.ke> wrote:

> Many thanks Paul and Grace,
>
> Thanks Paul for highlighting the challenge at CBK the guys at my bank
> didnt know what to say, i think we ought to be vigilant about such
> challenges since they have adverse effects on the industry.
> On Mar 24, 2015 2:30 PM, "Paul" <roykoikai at gmail.com> wrote:
>
>> CBK has been having issues recently with their switch but this was
>> resolved. Seems its not yet as such resolved.
>>
>> Will contact the CBK guys.
>> ------------------------------
>> From: Barrack Otieno via kictanet <kictanet at lists.kictanet.or.ke>
>> Sent: ‎24/‎03/‎2015 13:45
>> To: Paul Roy <roykoikai at gmail.com>
>> Subject: Re: [kictanet] Central Bank of Kenya and Electronic Payments
>>
>> Listers,
>>
>> A local  electronic payment (RTGs) was initiated in my favor yesterday
>> at 9 am. Until now i haven't received the  funds 24 hours later  and
>> the bank seems to lay the blame with the Central Bank of Kenya
>> clearing unit.
>>
>> I wonder if this is healthy for our growing electronic commerce
>> industry and most importantly as stakeholders what role can we play to
>> make sure CBK is efficient if the claims are true, i also wonder if
>> this is a switching issue or pure bureaucracy.
>>
>> Best Regards
>>
>> --
>> Barrack O. Otieno
>> +254721325277
>> +254-20-2498789
>> Skype: barrack.otieno
>> http://www.otienobarrack.me.ke/
>>
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> The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform
> for people and institutions interested and involved in ICT policy and
> regulation. The network aims to act as a catalyst for reform in the ICT
> sector in support of the national aim of ICT enabled growth and development.
>
> KICTANetiquette : Adhere to the same standards of acceptable behaviors
> online that you follow in real life: respect people's times and bandwidth,
> share knowledge, don't flame or abuse or personalize, respect privacy, do
> not spam, do not market your wares or qualifications.
>
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