Ladies and Gentlemen: We implemented a Real Time Gross Settlement System in 2005, a development that significantly enhanced efficiency in the settlement of payments to “Real Time” basis.
In addition, one of the greatest payments innovations of our time is the mobile  BIS central bankers’ speeches  1  phone money revolution; Kenya was the first country in Africa to introduce Mobile Money Financial Services. We later introduced the Cheque Truncation System in the clearing of cheques, reducing the clearing cycle from T+7 to T+1.