How online payments can deepen regional trade

Central Bank governor Patrick Njoroge. FILE PHOTO | NMG

Central Bank governor Patrick Njoroge has vouched for an East African online payments platform saying it will deepen cross-border deals via drastically reduced transactional costs.

In an article posted on CBK’s website, entitled,’ Harnessing the Promise of Digital Finance’, Dr Njoroge said increasing linkages between East African Community countries require a trustworthy and foolproof platform that enables traders to deal without fear of fraud.

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