BY:
Call for expressions of interest for development of fast payments system requirements
December 31st, 2025
Background
The Financial Sector Deepening Kenya (FSD Kenya) is an independent trust dedicated to the achievement of a financial system that delivers value for a green and inclusive digital economy, while improving financial health and capability for women and micro and small enterprises (MSEs). FSD works closely with government, the financial services industry, and other partners to develop financial solutions that better address the real-world challenges faced by low-income households, enterprises, and underserved groups such as women and youth.
Objectives
To engage the services of a Consultant(s) to support in the definition of best-in-class requirements for a Fast Payment System as well as conduct a gap analysis.
Scope of work
The scope of work will include the following:
- To develop and define the business, legal, functional, operational, financial and technical standards for a world class Fast Payment System aligned to best practise and international standards
- Based on the global standards defined above, identify existing Fast Payment System(s) in the market and conduct a high-level gap analysis of the identified Fast Payment System(s). This will include business, legal, functional, operational, financial and technical analysis.
- Recommend governance, legal, and operational frameworks to support Fast Payment System implementation and sustainability
- Propose mechanisms for capacity building.
Requirements for EOI submission and shortlisting
Due to the various skills required for this work, consultants may form a consortium and submit a joint response. EoIs submitted should not exceed 10 pages including any annexes.
Interested consultants must provide the following information:
- Brief profile of the consultant/ company: Legal name, registration, address, and primary contact details
- Overview of the consultant’s/company’s experience and key personnel’s qualifications related to the scope of work above.
- Summary of similar assignments completed.
- Demonstrated expertise in designing and/or implementing Fast Payments Systems
- Demonstrated experience in undertaking gap analysis as outlined in the scope of work above
No financial information is required at this stage.
Submission process
Consultants interested in this opportunity are encouraged to submit their Expressions of Interest by Monday, January 19th, 2026, at 12:00am (East Africa Time) via email to tenders@fsdkenya.org. A virtual meeting may be arranged with selected bidders to discuss the project scope and objectives. Following this, a complete and detailed Terms of Reference will be shared with the shortlisted firms/consultants for them to submit their proposals for the assignment.
