KEPSS / RTGS

Kenya Electronic Payment and Settlement System (KEPSS)

The Kenya Electronic Payment and Settlement System (KEPSS) is a Real Time Gross Settlement (RTGS) system, meaning that transactions are cleared and settled on a continuous basis. The real time transfers settled through KEPSS are debited and credited in the commercial banks’ accounts held at the Central Bank, where the banks hold the required cash reserves. Throughout the day, the commercial banks transfer funds between their accounts dependent upon their customers’ RTGS payment instructions.