Nairobi, Oct. 4 -- Payment providers such as M-Pesa and Airtel Money will immediately have to disclose cyber incidents such as mobile money fraud and hacking to the sector regulator under proposed rules seeking stronger safeguards for customers' cash.

The Treasury and the Central Bank of Kenya (CBK) regulatory proposals require payment service providers (PSPs) and payment system operators to notify the regulator of any cyber breach that affects their operations.

Published by HT Digital Content Services with permission from Business Daily....