Nairobi, Sept. 27 -- Payment service providers and system operators will now be required to keep five times as much capital as the minimum capital requirement is raised to Sh250 million.

The National Payments Bill, 2026, sponsored by the Treasury proposes to expand licence categories under payment service providers (PSPs) and payment service operators, acknowledging the evolution of the payments landscape since 2014 when the respective laws were last set.

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