Paynavix Case | Real-Time Payments Revolution in Kenya

Background

Driven by a surge in digital transactions, KBA pursued a secure, efficient, and scalable real-time payment switch to enable instant P2P and P2B transactions. The focus was on achieving interoperability across banks while maintaining speed and security

Tasks

Deploy and integrate a central directory server with an instant payment switch
Ensure robust security, compliance, and real-time processing across multiple platforms
Enhance transaction efficiency and reduce processing times
Improve customer experience with 24/7 instant payment capabilities
Expand financial inclusion through innovative digital solutions

Bank overview

Achieved Results

40%

increase in real-time transactions

20%

costs reduction

Business Impact

Surge in Digital Transactions

Achieved a 40% increase in real-time digital transactions within the first year.

Rapid Transaction Processing

Transaction processing time reduced to seconds, significantly enhancing operational efficiency.

Lowered Operational Costs

Realized a 20% reduction in operational costs for banks through centralized processing.

Strengthened Transaction Security

Enhanced transaction security measures, minimizing fraud risks and unauthorized access.

Leadership in Real-time Payments

Strengthened the banking sector’s leadership in real-time payments.

Boosted Adoption & Inclusion

Increased trust and adoption of digital payments among consumers and businesses, while improving financial inclusion by enabling more users to access instant payment services.

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