Kenya seeks M-Pesa-type success with revamped payment systems regime
KENYA is set to open its fintech market to M-pesa challengers, with the Central Bank's (CBK) recent push for a new licensing regime to stimulate growth and innovation. This move is expected to diversify the financial services available to Kenyan consumers and businesses while allowing a wider range of fintech firms to compete. Among those vying for these new licenses are Nigerian fintech powerhouses Flutterwave and Chipper Cash, alongside a host of other ambitious applicants. A new push to further liberalise Kenya's mainstream digital payments market that gave M-pesa an edge comes just six months after Flutterwave was let off…