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Digital Finance Reforms.pdf

WPS-68-Githu.pdf
Preview of Digital Finance Reforms
🔗 Source: kba.co.ke
📊 Size: 173 KB
📄 Pages: 20 pages
⬇️ Downloads: 94

Summary

The Kenyan legal and regulatory framework for digital financial services is outdated and fragmented, with various statutes and regulations governing different aspects of the industry, leading to challenges for entities operating in this space. The current framework has not kept pace with rapid technological innovations, and there is a need for urgent reforms to balance risks and opportunities. Key issues include the definition of payment services, regulation of digital credit providers, and the need for harmonization and consolidation of regulators, laws, and regulations. Recommendations include amending the National Payment Services Act, enhancing the digital lenders regulatory framework, and issuing minimum regulatory guidelines for non-digital lenders.

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Description

The Kenyan legal and regulatory framework for digital financial services is outdated and fragmented, with various statutes and regulations governing different...

Technical Information

  • File Format: PDF
  • File Size: 173 KB
  • Pages: 20
  • Language: EN
  • Total Downloads: 94
  • Last Updated: 7 days ago

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This PDF document about Digital Finance Reforms provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Digital Finance Reforms.

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