Kenya: Central Bank adopted Circular No. 6 on resumption of charges for transfers between mobile money wallets and bank accounts
Description
Central Bank adopted Circular No. 6 on resumption of charges for transfers between mobile money wallets and bank accounts
On 5 December 2022, the Central Bank of Kenya (CBK) issued Banking Circular No. 6 of 2022 on the Resumption of charges for transfers between mobile money wallets and bank accounts, starting from 1 January 2023. The purpose of the circular is to advi…
Scope
Policy Area
Consumer protection
Policy Instrument
Quality of Service requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), software provider: other software
Implementation Level
national
Government Branch
executive
Government Body
central bank