Kenya: Central Bank's Circular No. 6 on resumption of charges for transfers between mobile money wallets and bank accounts entered into force
Description
Central Bank's Circular No. 6 on resumption of charges for transfers between mobile money wallets and bank accounts entered into force
On 1 January 2023, the Central Bank of Kenya (CBK)'s Banking Circular No. 6 of 2022 on the resumption of charges for transfers between mobile money wallets and bank accounts came into force. The purpose of the circular, which was issued on 5 Decembe…
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