Bowmans analysed Kenya's National Payment System Bill 2026, which would replace the 2014 framework. It proposes ten licence categories, minimum capital from KES 5 million to KES 250 million, stacked capital for multiple licences, and licences for foreign companies through registered branches. The Bill requires CBK approval for M&A and prior written approval for any ownership change above 10 per cent. It proposes a one-year transition without automatic grandfathering, and public comments closed on 9 October 2026.
Why it matters
Higher capital thresholds and the approval regime may drive consolidation among payment service providers and shape deal timetables. Fintech investors and acquirers will need to price in re-licensing risk.
Sources
- Bowmans, 2026-09-30
Leave a Reply