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The
Central Bank’s overall objective as provided under Section
4 A (i)d of the Central Bank of Kenya Act is to formulate and implement
such policies as to best promote the establishment, regulation and supervision
of efficient, effective payment, clearing and settlement systems.
In this regard, Central Bank seeks to ensure that payment systems
(i) Do not generate high level of risks to participants and users of financial
services;
(ii) Continue to operate without major disruptions;
(iii) Offer efficient, reliable and safe payment services to customers.
(iv) Have the necessary and regulatory legal framework.
The Central Bank participates in the payment system in the following ways as
a:
- User of payment systems: To effect its own transactions;
- Facilitator of settlement: By providing settlement accounts at the
Central Bank to enable Commercial banks exchange obligations.
- Provider of payment systems: It operates and owns the KEPSS system
which is used to facilitate real time transactions.
- Supervisor: Supervises the operations of the Nairobi Automated Clearing
House on behalf of Kenya Bankers Association in order to maintain integrity
and confidence.
- Provider of liquidity: The bank provides liquidity to the system
so as to facilitate efficient operation of the settlement system.
- Overseer of the payment system: So as to promote efficiency and
soundness in the payment system.
The National Payments System
Banking Services Department
Address: P O Box 60000 Nairobi 00200 Kenya
Tel: +254 20 2861127
Email: npsinfo@centralbank.go.ke
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