Tag: CBK

Understanding the Dollar in Kenya Shillings Navigating currency exchange rates is crucial for businesses, investors, and travelers. The US Dollar ...

Digital credit providers (DCPs) in Kenya are under increased regulatory scrutiny following sweeping amendments to the Central Bank of Kenya ...

The use of credit and debit cards for purchasing goods and services in Kenya has reached its lowest point in ...

The Central Bank of Kenya (CBK) has announced its plans to develop a new instant payment system which will be ...

The Central Bank of Kenya (CBK) has announced remarkable progress in developing a financial sector-wide interoperable solution, with the aim ...

The Central Bank of Kenya (CBK) has granted operating licenses to 7 new Digital Credit Providers (DCPs). This latest batch ...

The government of Kenya is set to establish a Treasury Single Account (TSA) system in order to improve public cash ...

Kenyan banks are ramping up efforts to regain control of the cash transfer sector in Kenya. The Kenya Bankers Association ...

In 2023, the Kenya Mobile Money industry experienced a drop in transaction values for both bill payments and bulk disbursements. ...

The High Court in Kenya has decided against continuing a previous order that prevented banks and mobile money providers from ...

Digital lenders have been in business for an extended period, but their operations have since been halted by the Central ...

A couple of days ago, we learned that the CBK was in the process of reinstating bank to mobile money ...

At the start of the pandemic back in March 2022, the CBK announced that it had waived fees for sending ...

At the start of the new Kenyan administration, President Ruto announced that he would see that people who have been ...

By John Kamwengu As an ICT pundit, I must admit I was caught off guard when I first heard of ...

Two things have happened today: the CBK has announced that only 10 digital lenders have been licensed to run their ...

During the start of the pandemic, the CBK directed financial institutions to adopt some changes that were meant to shield ...

The Central Bank of Kenya (CBK) has issued a discussion paper about the Central Bank Digital Currency (CBDC). CBDCs can ...

It is possible that sometime in 2022, customers will be forced to pay transaction fees when moving money from their ...

As we had reported before, the CBK Amendment Bill, 2021 has since been signed into law by the President of ...

Digital lenders have offered their services to Kenyans for a long time without any kind of regulation from the CBK ...

C-level executives, leading industry experts, policymakers, and government officials met at Huawei’s 2021 East Africa BFSI Summit to discuss the ...

Fuliza, the mobile-money overdraft facility by Safaricom has gained quite the traction since its introduction to Mpesa services back in ...

We are hoping that soon, predatory digital lending apps will be a thing of the past if the proposed CBK ...

The Central Bank of Kenya, CBK, has revealed that it has been working on the National Payments System (NPS) Vision ...

The COVID-19 pandemic saw the government, among other Kenya financial institutions introduce measures to cushion Kenyans from the financial pangs ...

The journey to regulating the digital mobile space by the VBK started a long time ago. Precisely, we can point ...

The Coronavirus pandemic has brought with it vast financial constraints for Kenyans and companies. To this end, the Central Bank ...

The Central Bank of Kenya has today announced that they will extend the measures they put on mobile money transactions ...

Today, the Central Bank of Kenya has announced that they have terminated access to the credit reference bureaus (CRBs) to ...

The government of Kenya, among other key organizations in the state, has been at the forefront in shielding locals from ...

Today, Safaricom has announced that they have waived MPESA fees for person to person transactions below Kshs 1000 due to ...

Smartphone adoption and MPESA have created a new way for digital shylocks to lend people money. This has led to ...

The mobile lending space in Kenya has grown significantly. Every other month or week, a new mobile loan app finds ...

Over the course of the week, several inputs and insights have been explored regarding the release of new local currency ...