The Central Bank of Kenya (CBK) has successfully transitioned the Kenya Electronic Payment and Settlement System (KEPSS) to the ISO20022 Global Messaging Standard. This migration positions Kenya as a competitive destination for large-value payment systems, aligning with global financial messaging standards. The ISO20022 Standard is designed to enhance the efficiency and security of financial transactions,…
M-KOPA, an emerging markets fintech company, has appointed Rajeev Suri as the new chairman of its board, effective December 1, 2024. Suri takes over from Elizabeth Littlefield, who has led the board for the past six years. With Suri’s extensive experience in technology and telecommunications, M-KOPA aims to leverage his expertise to enhance its operations…
Murali Natrajan has been appointed as the new CEO of Diamond Trust Bank Kenya, effective November 1, succeeding Nasim Devji, who has held the position of Managing Director for over 20 years. Natarajan brings a wealth of experience to the role, having previously served as the Managing Director and CEO of DCB Bank Ltd since…
Mastercard and Diamond Trust Bank (DTB) have entered a landmark 10-year partnership to deliver customized digital payment solutions across Kenya, Uganda, and Tanzania. This collaboration aims to revolutionize the digital and banking experience for both individuals and businesses in the region by introducing innovative, secure, and convenient payment options. Central to this initiative is the…
