Kenyan banks still lack mobile money platform approvals

Friday 6 January 2017 | 10:58 CET | News
Kenya's commercial banks' plans to launch a mobile money transfer platform to rival Safaricom's M-Pesa, Airtel and Orange Money have been hit by delays in receiving regulatory approvals, Business Daily reported. The Kenya Bankers Association (KBA) had planned to launch the Kenya Interbank Transaction Switch in August 2016 but has to date failed to do so, since none of its 43 members has received the go-ahead from the Central Bank of Kenya (CBK).

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Categories: Mobile & Wireless
Companies: Airtel Kenya / Orange Kenya / Safaricom / Telekom Kenya
Countries: Kenya
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