Kenya to issue payment licences: Flutterwave, Chipper could be first in line
Kenya plans to issue licences to fintech startups. Flutterwave and Chipper Cash are two companies hoping to be granted licences.
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Kenya plans to issue licences to fintech startups. Flutterwave and Chipper Cash are two companies hoping to be granted licences.
The CS said there is need for new legislation because the existing laws are over 25 years old.
The laws will come into force 14 days after publication on Kenya Gazette.
President William Ruto on Friday signed two Bills, the Anti-Money Laundering and combating of terrorism financing laws (Amendment) Bill, 2023 and the Climate Change (Amendment) Bill at State House.
Monday, July 20, 2020 - The Central Bank of Kenya (CBK) will soon have the powers to regulate monthly interest charged by digital mobile lenders once the proposed changes in the Central Bank of Kenya (Amendment) Bill 2020 are adopted by Parliament. This will be a welcome relief to Kenyans who have suffered in the…