Nairobi, Sept. 22 -- Banks and payment platforms such as M-Pesa and Airtel Money will be required to share customer data among themselves and licensed third parties, ushering in open banking in Kenya.

The Treasury and the Central Bank of Kenya (CBK) have jointly prepared a Bill that seeks to introduce open finance, where customers give third-party providers permission to access and use their payment-account data held by banks and other payment providers.

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