The Kenyan government is considering a major overhaul of laws related to security rights over movable property with the introduction of the Movable Property Security Rights (Amendment) Bill, 2024 (Bill). According to Managing Partner at [c]
Safaricom’s MPESA and Airtel Kenya’s Airtel Money subscribers can now transact up to Kshs 500,000 via their mobile money accounts following an approval by the Central Bank of Kenya (CBK). The higher account limit will [c]
The Code will be presented by the payee (the merchant) and scanned by the payer (the consumer). All transactions using the standard will be initiated by the consumer through scanning the Code presented by the merchant. The Code will not contain any customer information. [c]
The financial services regulator, Central Bank of Kenya (CBK), has announced the licensing of additional 10 Digital Credit Providers (DCPs) or mobile loan service providers. The latest development, done in accordance with Section 59(2) of [c]
Kenyans who make mobile money to bank account transactions will be in for an unpleasant surprise come the New Year. From this day going forward, the Central Bank of Kenya (CBK) plans to reintroduce charges [c]
Only 10 digital lenders or Digital Credit Providers (DCPs) have so far met the licensing regulations issued by the financial services industry regulator, the Central Bank of Kenya (CBK). The news follows the CBK’s announcement [c]
Virtual Pay International has announced that it has been granted authorization by the Central Bank of Kenya (CBK) to operate as a Payment Service Provider (PSP) to carry out Payment Gateway Services in compliance with [c]
By Tejpal Bedi In 2021, President Kenyatta approved an amendment that gives the Central Bank of Kenya powers to license and oversee previously unregulated digital money lenders. Citing technology advances and ongoing innovation in the [c]
The Central Bank of Kenya (CBK) has released the results of the inaugural Diaspora Remittances Survey. The Survey was conducted from March to May 2021, and aimed at collecting valuable information on remittance inflows to [c]
The Central Bank of Kenya (CBK) is set to publish regulations governing the operations of Digital Credit Providers (popularly known as ‘mobile loan apps’) by March 23, 2022, three months after the draft regulations were [c]
The Central Bank of Kenya has granted authorization to Pesapal Limited as a Payment Service Provider (PSP) to carry our Payment Gateway Services in compliance with the National Payment System (NPS) Act, 2011, NPS Regulations [c]
The Central Bank of Kenya (CBK) has announced the resumption of charges for transactions above Kshs 100 effected through bank specific (in-house) mobile money wallets that are closely linked to the Savings and Credit Societies [c]
The Central Bank of Kenya (CBK) will conduct the first-ever Diaspora Remittances Survey, scheduled for February and March 2021, in collaboration with the Kenya National Bureau of Statistics (KNBS), the Ministry of Foreign Affairs (MFA) [c]
Mobile money subscribers will from January 1, 2021 be charged for transfers above Kshs 100 after the emergency measures introduced by the Central Bank of Kenya (CBK) to facilitate increased use of mobile money transactions [c]
The six-month suspension of listing of loan defaulters announced by the Central Bank of Kenya (CBK) in mid April 2020 has ended. Following the end of the suspension period on September 30, 2020, the CBK [c]
The Central Bank of Kenya (CBK) has announced that the Afro-Asia Fintech Festival 2020 (AAFF 2020) that was initially scheduled to be held in Nairobi in July 2020 has been postponed by up to one [c]
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