× Digital News Videos Opinions Cartoons Education E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS
Webtribe, the company behind Jambopay, could soon start offering mobile money services.

The firm, in July last year, applied to start operating as a Payment Service Provider (PSP). This will enable it to venture into electronic retail services that include mobile money as well as bank debit and credit cards.

Central Bank of Kenya, in a letter dated September, said it approved the list of proposed directors and senior management, which would mean the firm is close to getting an approval to start operations as a PSP.

“Further to your application date July 4, 2018 for authorisation as a PSP, we wish to advise that the bank has completed vetting your significant shareholders, directors and senior managers in accordance with the "Fit and Proper" criteria as required by… the National Payment Services Regulations, 2014,” read the letter by CBK’s Anne Wariga, the acting assistant director, payment services to Webtribe’s legal office.

SEE ALSO: Banks restructure loans worth Sh844.4 billion

Jambopay, already offering payment services to corporates, will be looking to make a foray into retail.

Covid 19 Time Series


Webtribe Central Bank of Kenya Jambopay
Share this story

Read More