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The Central Bank of Kenya (CBK) has today, Tuesday, October 26, 2021, revoked the authorisation granted to Mobile Pay Limited (MPL) (brand name “Tangaza”) as a mobile⁣

Payments Service Provider (PSP), pursuant to the provisions of Section 15 (1) (b) of the⁣

National Payment System (NPS) Act, 2011 and Regulation 10 of the National Payment System (NPS) Regulations, 2014.⁣

Tangaza enables customers to send/receive money, make retail payments through their phones, at Tangaza pesa agents, online and at other points of service in the market.⁣

According to a statement from CBK, this action culminates a long engagement between CBK and MPL, during which CBK has considered MPL’s continued violations of NPS law and regulations.⁣

“MPL has persistently failed to discharge its statutory obligations, among others, non-submission of audited annual Financial Accounts of the Trust Fund (Tangaza Trust) and MPL, non-submission of annual systems security audit report, and non-submission of quarterly reports for CBK’s oversight.⁣

“While MPL was granted sufficient time to address its violations, its compliance has continued to deteriorate, putting customer funds at risk,” CBK’s statement read.⁣



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