[kictanet] Central Bank of Kenya and Electronic Payments

[Barrack Otieno]

:-) Millions are transported in Cash in Transit Vans.

On 3/25/15, Mwendwa Kivuva <Kivuva at transworldafrica.com> wrote:
> 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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>>
>> --
>> 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
>


-- 
Barrack O. Otieno
+254721325277
+254-20-2498789
Skype: barrack.otieno
http://www.otienobarrack.me.ke/