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@lists.kictanet.or.ke> 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@gmail.com> 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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