Our Client, The Kenya Bankers Association, recognizing the central role of the banking industry in the payment system, established the Integrating Payment Systems (IPS) project in 2012 to address the challenge of creating a more integrated retail payment system in Kenya. Provisionally named the Kenya Interbank Transaction Switch (KITS), this is a system envisioned to provide the banking industry with a platform to significantly improve the sharing of payment system infrastructure, provide a seamless inter-bank settlement ...