Partner States

I1 Development of a mutual recognition framework for cross-border PSP licensing

• Constitute a TWGDone by Q1 2026
• Issue TORs for mutual recognition framework developmentDone by Q3 2026
• Hire a consultant for framework developmentDone by Q3 2026
• Review and validate the draft mutual recognition frameworkIn progress by Q4 2026

I2 Development of a Regional Cooperative Oversight Framework

• Constitute a TWGDone by Q4 2025
• Issue TORs for cooperative oversight framework developmentDone by Q2 2026
• Hire a consultant for framework developmentDone by Q3 2026
• Review and validate the draft cooperative oversight frameworkNot started by Q4 2026

As of Q2 2026

I3 Development of a harmonised intra-regional cross-border mobile money/ e-wallet regulatory framework

• 1. Constitute TWG 1Done by Q3 2025
• 2. Review prior diagnostic and identify priority actionsIn progress by Q3 2026
• 3. Develop TORs for the regional mobile money regulatory frameworkNot started by Q4 2026
• 4. Hire consultant to develop the regional cross-border mobile money regulatory frameworkDon't know by Q1 2027

As of Q2 2026

I4 Development of a harmonised version of common messaging standards

• 1. Constitute a TWGDone by Q1 2026
• 2. Conduct a comparative analysis of the current messaging protocolsDone by Q1 2026
• 3. Develop technical implementation guidelinesIn progress by Q3 2026
• 4. Commence testing and piloting of the ISO standards by September 2025In progress by Q1 2027

As of Q2 2026

I5 Development of cross-border principles for currency acceptability and convertibility

• 1. Convene a joint meeting of MAC sub-committees to discuss issues of currency acceptability and convertibilityDone by Q2 2025
• 2. TORs for development of principles for currency acceptability and convertibility frameworkDone by Q3 2025
• 3. Hire a consultant to develop the currency acceptability and convertibility frameworkIn progress by Q4 2026
• 4. Review and validate the draft currency acceptability and convertibility frameworkNot started by Q4 2027

As of Q2 2026

I6.1 Develop minimum AML/CFT/CPF assurance standards

• 1. Constitute a TWG to support the development of the minimum AML/CFT/CPF assurance standards and fraud mitigation.Done by Q1 2026
• 2. Develop the TORs for the minimum AML/CFT/CPF assurance standards and fraud mitigation.In progress by Q4 2026
• 3. Hire a consultant for to develop the minimum AML/CFT/CPF assurance standards and fraud mitigation.In progress by Q3 2027
• 4. Review and validate the minimum AML/CFT/CPF assurance standards and fraud mitigation.Not started by Q1 2028

As of Q2 2026

I6.2 Develop minimum standards for fraud mitigation

• 1. Constitute a TWGDone by Q2 2026
• 2. TORs to develop minimum standards for fraud mitigationIn progress by Q4 2026
• 3. Hire a consultant for the development of minimum standards for fraud mitigationIn progress by Q3 2027
• 4. Review and validate the draft minimum standards for fraud mitigationNot started by Q1 2028

As of Q2 2026

I7.1 Development of crossborder transaction resolution framework for non-bank PSPs

• 1. Constitute a TWGDone by Q3 2026
• 2. TORs to develop cross-border transaction resolution framework for non-bank PSPsNot started by Q3 2026
• 3. Hire a consultant for the development of cross-border transaction resolution framework for non-bank PSPsDon't know by Q1 2027
• 4. Review and validate the draft cross-border transaction resolution framework for non-bank PSPsDon't know by Q3 2027

As of Q2 2026

I7.2 Develop non-bank PSP dispute resolution framework

• 1. Constitute a TWGDone by Q3 2026
• 2. TORs to develop non-bank PSP dispute resolution frameworkNot started by Q4 2026
• 3. Hire a consultant for the development non-bank PSP dispute resolution frameworkNot started by Q1 2027
• 4. Review and validate the draft non-bank PSP dispute resolution frameworkNot started by Q3 2027

As of Q2 2026

I7.3 Develop non-bank PSP insolvency framework

• 1. Constitute a TWGDone by Q3 2026
• 2. TORs to develop non-bank PSP insolvency frameworkNot started by Q3 2026
• 3. Hire a consultant for the development non-bank PSP insolvency frameworkNot started by Q1 2027
• 4. Review and validate the draft non-bank PSP insolvency frameworkNot started by Q3 2027

As of Q2 2026

I8 Assessment of potential onboarding of hard currency within EAPS to expand access

• 1. Constitute TWG (EAPS user group) to assess potential onboarding of hard currencyDone by Q2 2025
• 2. Hire a consultant for the development of the reportDon't know by Q3 2026
• 3. Develop a feasibility report to be validated by the Subcommittee on PaymentsDon't know by Q1 2027
• 4. Develop a hard currency integration model based on the validated feasibility assessmentNot started by Q3 2027

As of Q2 2026

I9 Upgrade of EAPS

• 1. Finalise the feasibility study for EAPS 2Done by Q2 2025
• 2. Validation of feasibility report by TWGIn progress by Q4 2026
• 3. Development of system specifications for EAPS 2Not started by Q2 2027
• 4. Develop and issue a bidding document and procure a vendorNot started by Q4 2027
• 5. Implementation of EAPS 2Not started by Q2 2028

As of Q2 2026

I10.2 Develop a common rulebook for cross-border retail payments

• 1. Constitute a TWGDone by Q3 2025
• 2. TORs to develop a common rulebook for cross-border retail payments to include QR code standards and proxy identifiersIn progress by Q3 2026
• 3. Hire a consultant for the development of a common rulebook for cross-border retail paymentsIn progress by Q1 2027
• 4. Review and validate the draft common rulebook for cross-border retail paymentsNot started by Q4 2028

As of Q2 2026

I10.4 Transition to a fit-for-purpose regional centralised switch

• 1. Constitute a TWGDone by Q2 2025
• 2. TORs to develop a regional inclusive instant retail switch according to DPI principles:Not started by Q3 2027
• 3. Hire a consultant to develop a regional inclusive instant retail switch according to DPI principles:Not started by Q4 2028
• 4. Implement the regional retail switchNot started by Q4 2030

As of Q2 2026

I11 Development of regtech and suptech tools for effective oversight and data collection

• 1. Constitute a TWGDone by Q2 2025
• 2. TORs to identify regtech and suptech tools for effective oversight/supervisionIn progress by Q4 2026
• 3. Hire a consultant to conduct a feasibility assessment on the development of regtech and suptech tools for effective oversight and data collectionNot started by Q2 2027
• 4. Review and validate the feasibility assessment report developedNot started by Q3 2028

As of Q2 2026

I12 Constitution of a regional payments system forum which includes private sector participation

• 1. The EAC to formulate TORs that define the engagement with the national payment associations within the MAC frameworkDone by Q2 2026
• 2. Engage a consultantDone by Q2 2026
• 3. The EAC to convene an annual forum of national payments council, Partner State central banks and payments sub-committeeIn progress by Q4 2026

As of Q2 2026

I13 Development of a consumer protection framework

• 1. Constitute a TWGDone by Q3 2026
• 2. TORs to develop a consumer protection frameworkNot started by Q4 2026
• 3. Hire a consultant for the development a consumer protection frameworkNot started by Q3 2027
• 4. Review and validate the draft consumer protection frameworkNot started by Q4 2028

As of Q2 2026

I14.1 Quick Response (QR) code for simplified user experiences and alignment of risk management of QR transactions

• 1. Constitute a TWGDone by Q3 2026
• 2. TORs for the regional QR code technical standardsNot started by Q4 2026
• 3. Hire a consultantNot started by Q1 2027
• 4. Develop technical implementation guidelines referenced to global standardsNot started by Q1 2028
• 5. Review and validate the QR code technical standardsNot started by Q3 2028

As of Q2 2026

I14.2 Proxy identifiers/ aliases and their validation processes

• 1. Constitute TWG 3Done by Q3 2026
• 2. Develop TORs for the regional proxy identifier framework and hire a consultantNot started by Q3 2027
• 3. Review and validate the draft proxy identifier standards and validation protocolsNot started by Q1 2028

As of Q2 2026

I14.3 Open and secure APIs for seamless technical integration and onboarding

• 1. Constitute a TWGDone by Q2 2026
• 2. TORs to develop minimum API specifications documents for EAC cross-border payment systemNot started by Q4 2026
• 3. Hire a consultant for the development of minimum API specifications documents for EAC cross-border payment systemNot started by Q3 2027
• 4. Review and validate minimum API specifications document for EAC cross-border payment systemNot started by Q3 2028

As of Q2 2026

I15.1 Define a regional KPI framework aligned with the G20 principles

• 1. Constitute TWG 3Done by Q3 2025
• 2. Develop TORs for the data collection and reporting frameworkDone by Q4 2025
• 3. Hire a consultant to develop and establish a Regional Monitoring and Reporting FrameworkDone by Q2 2026
• 4. Collect and collate baseline data for each KPI, and develop the regional KPI framework and reporting / transparency mechanism aligned with G20 principlesIn progress by Q3 2026
• 5. TWG review and validation of the KPI framework and reporting mechanismNot started by Q3 2026
• 6. Formal adoption of the KPI framework and reporting cadence by the Subcommittee on Payments and MACNot started by Q4 2026
• 8. Commence live quarterly and semi-annual reporting using the adopted framework and mechanismNot started by Q1 2031

As of Q2 2026

I15.2 Establish a regional reporting and transparency mechanism

• 1. Constitute TWG 3Done by Q2 2025
• 2. Develop TORs for the data collection and reporting frameworkDone by Q4 2025
• 3. Hire a consultant to develop and establish a Regional Monitoring and Reporting FrameworkDone by Q2 2026
• 4. Collect and collate baseline data for each KPI, and develop the regional KPI framework and reporting / transparency mechanism aligned with G20 principlesIn progress by Q3 2026
• 5. TWG review and validation of the KPI framework and reporting mechanismNot started by Q3 2026
• 6. Formal adoption of the KPI framework and reporting cadence by the Subcommittee on Payments and MACNot started by Q4 2026
• 8. Commence live quarterly and semi-annual reporting using the adopted framework and mechanismNot started by Q1 2031

As of Q2 2026

I16.2 Assess feasibility of CBDCs for cross-border payments

• 1. Create TWGDone by Q3 2026
• 2. Procure a consultant to develop the white paperDone by Q3 2026
• 3. Develop the white paperIn progress by Q2 2027
• 4. Review and validate the white paperNot started by Q4 2027

As of Q3 2026

I17 Understand approach to regulation and oversight of virtual assets

• 1. The EAC, with development partner support, facilitates annual joint sessions on virtual asset regulation and oversightIn progress by Q4 2028
• 2. Develop a TOR for technical assistance to develop regulation through a mapping assessmentNot started by Q4 2026
• 3. Hire a consultant for the provision of technical assistance, if required (conditional)Not started by Q1 2027
• 4. The EAC, with development partner support, facilitates technical assistance on developing regulation and oversightNot started by Q3 2027
• 5. Regulatory mapping review and validation by all Partner StatesNot started by Q2 2028

As of Q2 2026

I19 Promote regional payment systems through awareness and dissemination

• 1. Procure a consultant to develop publicity materialsNot started by Q4 2027
• 2. Conduct regional publicity and sensitisation of payment systemsNot started by Q2 2031
• 3. Conduct awareness and publicity of the EAC cross-border payment MasterplanNot started by Q2 2031

As of Q2 2026

I20 Enhance knowledge of payment systems through knowledge sharing and peer learning

• 2. EAC Secretariat with support of development partners to facilitate knowledge sharing/ peer learning sessions with other jurisdictions based on a needs assessment by EAC partner state central banksIn progress by Q2 2031

As of Q2 2026