The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, PTI reported. This will reduce the current time period of up to two working ...

Industry-wide moves to “put cheques firmly in the 21st century” – with new technology enabling them to clear by the next day – will start in October. A new system will enable images of cheques to be ...

Tomorrow marks the dawn of a new era as the banking industry changes how cheques are processed and cleared. From Wednesday, Kenyan banks will electronically process and clear cheques, removing the ...