CBK lists 10 digital credit providers after fresh vetting
The lapse of the renewal of licenses for all DCPs also sounded the death knell for unregulated DCPs.
Source: nation.africa
Stay updated with breaking news from Ceres Tech. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The lapse of the renewal of licenses for all DCPs also sounded the death knell for unregulated DCPs.
NAIROBI, Kenya, Sep 19 – The Central Bank of Kenya(CBK) has directed unregulated digital lenders to cease operations in the country following the lapse of Kenya breaking news | Kenya news today |
Tala, Branch and 4G Capital are among the popular digital credit providers (DCPs) missing from the regulator's initial list of those licensed to operate in Kenya.
CBK has announced that it has licensed 10 digital loan companies in Kenya as part of its plan to regulate the sector.