The Central Bank of Kenya (CBK) has warned consumers against engaging with fintech payments Flutterwave and Chipper Cash. In a letter sent to all chief executives of regulated financial institutions on Friday, CBK‘s deputy Director of Supervision, Matu Mugo, directed the banks to confirm within seven days of the date (29th July 2022) of the letter to confirm to the regulator on their compliance with the directive. “It has come to the attention of the Central Bank of Kenya (CBK) that Flutterwave Payments Technology Limited (Flutterwave) and Chipper Technologies Kenya Limited (Chipper) have been engaging in Money Remittance and Payment Services…
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Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
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