According to Foresight News, the Central Bank of Kenya (CBK) is set to issue operating licenses to financial technology payment companies, including two Nigerian payment firms, Chipper Cash and Flutterwave. Kamau Thugge, the Central Bank Governor, stated that the bank is revising the National Payment System Act of 2011 to allow fintech companies to operate legally. This move is seen as a significant step towards embracing digital financial services in the country.
Kenya's Central Bank To Issue Operating Licenses To Fintech Payment Companies
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