Digital payment methods are increasingly used in Africa for convenience and security.
Kenya is taking a major step toward a 24/7 digital economy by extending the hours of its real-time payments system, the Kenya Electronic Payment and Settlement System, from July 1, 2025. The new 7:00 AM to 7:00 PM schedule, up from 8:30 AM to 4:30 PM, marks a shift in how the country handles high-value transactions, boosting flexibility for banks, businesses, and public agencies. The move hints at deeper reforms, including potential access for licensed fintechs to public payment rails—long seen as a missing piece for competition and affordability. As other countries adopt round-the-clock real-time payments systems, Kenya appears poised to follow suit, gradually modernizing its financial infrastructure and reducing dependence on dominant private platforms.
Techcabal