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Rwanda

eKash

Scheme name: eKash

IIPS Type: Cross-domain

Instruments: Credit EFT, E-money

Channels: Browser, App, USSD, Branch, Agent

Use cases: Transfers & remittances (P2P)

Inclusivity level: Not ranked

Year of establishment: 2022

System owner: RSwitch

Overseer: National Bank of Rwanda

Operator: RSwitch

Total Participants: 13

Volumes 2023: 6,005,553

Values 2023: 16,868,590 USD

Back to mapMore information about this topic
CategoryeKash
Geographic reachDomestic
Geographic descriptionRwanda
Scheme governanceRSwitch
Settlement agentNational Bank of Rwanda
Participants - commercial banks8
Participants - MMOs4
Participants - non-bank PSPs0
Participants - MFIs1
US$ Exchange Rate 30 April1,279.4200
Values 20225,052,997 USD
Values 2023 not-on-us transactions (US$)16,868,590 USD
Values 2023 on-us transactions (US$)N/A
Total value of instant payment transactions 2023 (US$)16,868,590 USD
Interoperability arrangementPayment system operator
Ownership modelParticipant-owned
Governance TypologyPrivate association
Scheme rules shared or publically available?No
Messaging standardISO 20022
Types of proxy IDsMobile phone number; Proprietary ID;
Use of open APIsYes
QR code standard N/A
Pro-poor governanceYes
CB governance involvementYes
Expanded use casesNo
Minimum channel functionalityYes
Minimum use case functionalityNo
All licensed PSPs can participate (all-to-all interoperability)Yes
RecourseNo
Not-for-lossNo
StatusAlmost at progressed level
Strengths/driversHaving already fulfilled all progressed criteria means the system has the potential to go straight from Not ranked to progressed.
Areas of developmentUpon enablement of P2B will fulfill basic and progressed criteria. Next steps will be expanding to further use cases as well as developing the consumer recourse requirements and a not-for-loss business model to achieve Mature level.

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