Consultant Kentrade Donald Lim-Fat Cashless Economy ConnectedEA2015 1-04-15 (1)

7/26/2019 Consultant Kentrade Donald Lim-Fat Cashless Economy ConnectedEA2015 1-04-15 (1)

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Business Benefts o

Cashless Economy Kenya Single Window and

international examples

Donald Lim!at

Consultant to Ken"rade


2/20

#genda

Business and $ayment "ransactions

Kenya Single Window or%nternational "rade

e$ayments

e$ayment %mplementation examples&

'apan and (auritius )ational $ayment *ateway Design


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Business and !inancial"ransactions


4/20

BRIEF ON KENYA SINGLEWINDOW FORINTERNATIONAL TRADE


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KNESWS

Kenya Revenue

Authority

CFS, ICD

KPA, KAA

Clearing AgentImporter /

Exporter

KEBS, KEPHIS,

PA!,

Ban" /

In!uran#e Co$

Ship

Agent

Freight

For%ar&er

K+#$ayment *ateway


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K)ESWS !eatures

%ntegrates to Systems o ,go-ernment entities& Customs.(aniest. e$ayment. $ort. Standards.

$lant /ealth. $harmacy

Data %ntegration& Sea Cargo (aniest.#ir Cargo (aniest. Courier.Certifcate o Conormity


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Desired 0utcome

Simpliy and Streamline internationaltrade procedures

+educe time and cost o trade

Set standards and $redicta1ility

%mpro-e "ransparency

Sa-ings to Kenya economy Ksh 234

1illionNational and RegionalCompetitiveness


9/20

KNESWS

Kenya Revenue

Authority

CFS, ICD

KPA, KAA


Exporter

KEBS, KEPHIS,

PA!,

Ban" /

In!uran#e Co$

Ship

Agent

Freight

For%ar&er

K+#$ayment *ateway


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e$ayment

(a5or step within trade procedures

$ayment K+# or Customs Duties and 6#"

$ermits and Le-ies to *o-ernment+egulatory #gencies

7sing K+# $ayment *ateway Electronic in-oice to 1an8s

$ayment m$esa. che9ue or cash


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IMPLEMENTATIONS INMAURITIUS AND JAPAN


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KNESWS

'auritiu! Revenue

Authority

CFS, ICD

Container

(erminal


Exporter

KEBS, KEPHIS,

PA!,

Ban"

Ship

Agent

Freight

For%ar&er

(#CSS

1. InvoiceDuty Payable

2.ePaymentInstruction

43 6alidate unds a-ailsend e$ayment%nstruction to (#CCS

4. Deposit funds to MRAAcct at Central Ban !Con"rm payment complete

#. Receive $oti"cation ofPayment and Aut%orise Releaseof &oods

'. Receive $oti"cation of&oods Release'. Receive $oti"cation of&oods Release

'. Receive $oti"cation of&oods Release

auritius (in)le *indo+

nd ePayment


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e$ayment in (auritius

e$ayment -ia Single Window eatureextended to other *o-ernment e$ayments

6#"

Corporate "ax $#:E

)ational $ension Contri1ution

#irline Le-ies

;,< o go-ernment re-enue collected -ia()S e$ayment and (#CCS


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,apanePayment


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Cashless "ransactions 'apan

6alue ,=3,< >7S? ,@ 1illionA )ational "reasury

@=32< >7S? @43 BillionA local

go-ernment

@@3@< >7S? @ 1illionA pri-ate sector

6olume& 2@< >@432 millionA )ational "reasury @3=< >@@3= millionA local go-ernment

;3;< >4, millionA pri-ate sector


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DESIGN FOR NATIONALPAYMENT GATEWAY


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Expectations o Cashless $ayments

ConvenienceAnytime- Any+%ere-Any C%annelSecure

Efcien

Fin!"Tr!ce!#"eSecure


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Design or )ational $ayment

*ateway

Supports all a-aila1le paymentinstruments

0pen and )eutral accessi1le to allpayment ser-ice pro-iders

$ayer chooses mode o payment

%ntegrates with )ational $aymentSystem


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Documents

Consultant Kentrade Donald Lim-Fat Cashless Economy ConnectedEA2015 1-04-15 (1)