Co-op Bank to provide payment platform for NCE coffee traders

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Co-operatives Principal Secretary Patrick Kilemi. FILE PHOTO | JARED NYATAYA | NMG

The Nairobi Coffee Exchange (NCE) has tapped the Co-operative Bank of Kenya to provide a settlement platform on which trading will be conducted.

The lender will offer the Direct Settlement System (DSS) technology that facilitates payment of coffee growers’ proceeds as well as the recovery of other commitments the producer owes service providers.

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