Ruto entangled in battle for real-time payments platform

The Central Bank of Kenya(CBK) Governor Dr Kamau Thugge during an interview at his office along Haile Selassie Avenue, Nairobi on June 21, 2024.

Photo credit: File | Nation Media Group

State House has been dragged into a fierce fight between local banks and a Nigerian firm for the development of a new real-time payments system.

Nigeria Inter-Bank Settlement System Plc (NIBSS), in a joint venture with two other local companies, wants President William Ruto to back them in their bid to build a new payment platform for the Central Bank of Kenya (CBK).

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