A legislative proposal aimed at regulating payment systems and setting capital requirements for payment service providers in Kenya.
Kenya’s central bank seeks powers to take over struggling fintechs
The Central Bank of Kenya (CBK) is seeking powers to take over struggling payment companies under the National Payment System Bill, 2026. The bill allows CBK to intervene when payment service providers fail to meet obligations to customers or threaten financial stability.
Kenya proposes up to $1.93m capital requirement for payment firms
Kenya proposes new capital requirements for payment companies, raising the entry cost for fintechs. The Central Bank of Kenya sets minimum capital thresholds from KES 5 million to KES 250 million.
