Central Bank of Kenya studies mobile lending rules

Thursday 2 June 2016 | 10:08 CET | News
The Central Bank of Kenya (CBK) is conducting a study on the impact of its policies and regulations on lending through mobile phones and the internet, Business Daily reported. Accurate data is not yet available, but the number of mobile money lenders has grown significantly in recent years, and the CBK is concerned that the sector may be expanding faster than it can regulate effectively.

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Categories: Mobile & Wireless
Countries: Kenya
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