The Latest in IT Security

East Africa’s top economies launch cross-border payment system

11
Dec
2013

East Africa’s biggest economies have launched an integrated real-time cross-border payments system designed to remove bottlenecks to business and bolster intra-regional trade, Kenya’s central bank said on Wednesday. The East African Payments System (EAPS) is an early step towards the creation of a monetary union within the five nation East African Community (EAC) trade bloc, which member states hope to establish within 10 years. “EAPS will facilitate trade within the region and is a quick win for the EAC,” the Central Bank of Kenya said in a statement. EAPS will enable people in Kenya, Uganda and Tanzania to make and receive payments in real time, speeding up the process of commercial transactions.

Comments are closed.

Categories

SUNDAY, AUGUST 25, 2019
WHITE PAPERS

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...

Featured

Archives

Latest Comments

Social Networks