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Kenya’s central bank is seeking powers to take over struggling payment companies and sell their businesses, expanding the regulator’s role in protecting customer money when providers run into trouble.
The draft National Payment System Bill, 2026, would allow the Central Bank of Kenya (CBK) to intervene when a provider fails to meet its obligations to customers or other financial institutions, breaches regulatory requirements, or threatens financial stability.
The measures could put CBK at the centre of resolving failures in an industry where customers rely on private companies to hold and move their money. It could force service providers and their investors to surrender control of a troubled business before it reaches liquidation, with CBK deciding who runs it and appointing a statutory manager to sell it.
“The Central Bank may intervene in the management of a payment service provider or a payment system operator where … the payment service provider or payment system operator fails to meet its obligations to customers,” the draft bill states.
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来源:TechCabal Africa (https://techcabal.com/)
原文链接:https://techcabal.com/2026/10/12/kenyas-cbk-seeks-powers-fintechs/
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