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CBK fast-tracks new mobile payment system to rival M-Pesa

Close up of woman hands holding mobile phone with application to receive money. People holding smart phone and making cashless payment transaction in a shop. Close up of smartphone screen displaying payment sent with money received message.

The Kenya Kwanza government is seeking to strengthen digital finance in the country by developing a faster and more interoperable payment system to supplement Safaricom's popular mobile money giant M-Pesa.

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