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Home » Business » Stanbic Bank and KRA Launch Ushuru Pay to Streamline Customs Payments

Stanbic Bank and KRA Launch Ushuru Pay to Streamline Customs Payments

Queen Amber by Queen Amber
1 year ago
in Business
Reading Time: 1 min read
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Stanbic Bank, in partnership with the Kenya Revenue Authority (KRA), has rolled out Ushuru Pay, a new digital solution designed to simplify the payment of customs taxes and levies. The system was launched in Nairobi and Mombasa, two of Kenya’s busiest trade hubs.

Ushuru Pay is fully integrated with KRA’s Integrated Customs Management System (iCMS), enabling faster processing, enhanced security, and a seamless, cashless experience for users. The platform is expected to reduce friction in transactions, improve efficiency in revenue collection, and strengthen Kenya’s position as a leader in global trade practices.

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Educational sessions held in both cities provided stakeholders with practical insights into how the system works and its benefits. According to Stanbic Bank, the innovation marks a significant step toward boosting revenue while driving Kenya’s digital growth and transformation agenda.

Tags: KenyaKRAStanbic BankTaxes
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