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NAIROBI, KENYA: The Central Bank of Kenya (CBK) is pushing for strict regulations to cut down the operations of digital loan platforms by bringing them tightly into the fold of the National Payment Systems Act.
While addressing Parliament’s Departmental Committee on Communication, Information and Innovation, CBK Governor Patrick Njoroge revealed that a majority of Kenyans have become enchained to these platforms and it is time the platforms were reined in.
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