×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

Over 700 firms seek CBK licence amid crackdown on predatory digital lenders

Vocalize Pre-Player Loader

Audio By Vocalize

CBK Governor Dr. Kamau Thugge before the National Assembly's Committee on Finance and National Planning in regards to the implementation of Central Bank Rate (CBR) at Bunge Towers, Parliament, Nairobi on March 25th, 2025. [Elvis Ogina,Standard]

More than 700 digital credit providers have applied to lend money via mobile phones, the banking regulator said yesterday.

This underscores the booming popularity and lucrative nature of mobile loans as Kenyans increasingly turn to them for financial survival.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Business
Tea and coffee markets record improvement at the auctions
Financial Standard
Why ex-energy chiefs are not yet off the hook
By Kamau Muthoni 56 mins ago
Financial Standard
Of online scams and mobile money fraud, why Kenyans are biggest victims
Business
Kenya's paint industry rides construction recovery to double-digit growth