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{
    "id": 14577,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/14577/?format=api",
    "text_counter": 551,
    "type": "speech",
    "speaker_name": "Mr. Kimunya",
    "speaker_title": "The Minister for Transport",
    "speaker": {
        "id": 174,
        "legal_name": "Amos Muhinga Kimunya",
        "slug": "amos-kimunya"
    },
    "content": " Mr. Temporary Deputy Speaker, Sir, I rise to second the National Payment System Bill of 2011, whose history goes back to over a decade in terms of the clamour for harmonising the payment system in the country. We are all very happy that it has now come this far. This Bill aims at deepening the reforms within the financial sector. You may recall that in the last two weeks, this House had to debate Bills on similar initiatives, all of which are aimed at formalising the kind of reforms that have been taking place as they relate to what has been happening with the Central Depository System and the reforms in the Capital Markets Authority. This Bill needs to be looked at within the same perspective as part of further deepening those reforms. Mr. Temporary Deputy Speaker, Sir, the Bill is very technical but, again, very straightforward in terms of what it aims to achieve. The most fundamental thing is that once the House enacts this Bill, it will bring Kenya at par with the rest of the world in terms of conformity with the international best practice and in terms of what is contained within the BIS. Kenya should not have been left behind because we are the leaders in this region in terms of these reforms. Looking at what we have gone through and noting some of the innovations that have taken place in this country; particularly the coming into being of the M-Pesa money transfer service in 2007, I have a sense of pride in terms of what happened to that particular innovation."
}