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The Central Bank of Kenya lifts the 10-year ban on new bank licences

News | Payments General | 22 Apr 2025

The Central Bank of Kenya (CBK) has decided to lift the 10-year ban on new bank licences and will begin accepting applications starting July 1st, 2025.

banks, banking license, banking, financial services, financial institutions

Kenyan banks to begin tracing large transactions

News | Online & Mobile Banking | 12 Aug 2024

The Central Bank of Kenya has announced that the region’s commercial banks are set to begin tracking large cash deposits and transfers to advance compliance with ISO 20022. 

ISO 20022, banks, financial services, bank transfer, online banking, transactions , transaction monitoring

LemFi receives CBK approval for Kenya remittance operations

News | Mobile Payments | 08 Apr 2024

US-based fintech LemFi has received regulatory approval from the Central Bank of Kenya (CBK) to operate remittances in Kenya.

remittance, mobile payments, digital wallet, FX , money transfer