Last but not least, Your Excellency, I would like to inform the general public that the East African Cross Boarder Payment System (EAPS) which is an initiative of the East African Central Banks went live on Monday 25 November 2013 and is now operational in three countries namely; Kenya, Tanzania and Uganda.
Rwanda and Burundi are expected to join the integrated regional payment system at a later date when ready. EAPS is a multi currency system in which payments are effected using any of the currencies of the EAC Partner States. It will make cross boarder payments easier and facilitate safe and efficient transfer of monetary value within the region.