[kictanet] Central Bank of Kenya and Electronic Payments

Wed Mar 25 14:01:07 EAT 2015

Barrack, I'm sending you My MPESA number. I heard RTGS come in millions: )

On Tuesday, 24 March 2015, Barrack Otieno via kictanet <
kictanet at lists.kictanet.or.ke> wrote:

> Hi Paul,
>
> Many thanks for responding and most importantly following up, we need
> many more Kenyans like you.  I found it hard to accept the blame on
> CBK but such is technology, i hope CBK is putting in place measures to
> address such challenges in future.
>
> Best Regards
>
> On 3/24/15, Paul via kictanet <kictanet at lists.kictanet.or.ke
> <javascript:;>> wrote:
> > Hello Barrack,
> >
> > Am told this was a one off system failure. This has since been fixed your
> > money should be in your bank account.
> >
> > Thanks to CBK team for the quick resolution.
> >
> > Regards,
> > Paul Roy.
> >
> > -----Original Message-----
> > From: "Ali Hussein via kictanet" <kictanet at lists.kictanet.or.ke
> <javascript:;>>
> > Sent: 24/03/2015 15:29
> > To: "Paul Roy" <roykoikai at gmail.com <javascript:;>>
> > Subject: Re: [kictanet] Central Bank of Kenya and Electronic Payments
> >
> > 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
> > 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 <javascript:;>> 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 <javascript:;>>
> 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
> > Sent: 24/03/2015 13:45
> > To: Paul Roy
> > 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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> 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
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> > not spam, do not market your wares or qualifications.
>
>
> --
> 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.

-- 
______________________
Mwendwa Kivuva, Nairobi, Kenya

"There are some men who lift the age they inhabit, till all men walk on
higher ground in that lifetime." - Maxwell Anderson
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