[kictanet] Banks’ plan to set up mobile money transfer platform stalls - Corporate News

[Ali Hussein]

Listers

This is an interesting one. An excerpt from the story in the Business Daily:-

The Business Daily has learned that KBA member banks submitted their product and system proposals to the CBK in July ahead of the planned August launch date, seeking approvals.

Such authorisations, which are ordinarily issued after a maximum of one month, are however yet to be issued, delaying the launch of a product that promises to revolutionise the financial services sector.

Read on:-

http://www.businessdailyafrica.com/Corporate-News/mobile-money-transfer-platform-stalls/539550-3505860-item-0-9h14j8/index.html

As a matter of public interest it would be interesting to know why there's been such a delay in the regulatory approval of such a game changing initiative for the banking sector. 

Anyone who has an inkling on the workings at the Central Bank? It seems to me that 7 months waiting for an approval is simply too long... 


Ali Hussein
Principal
Hussein & Associates
+254 0713 601113 

Twitter: @AliHKassim
Skype: abu-jomo
LinkedIn: http://ke.linkedin.com/in/alihkassim


"Discovery consists in seeing what everyone else has seen and thinking what no one else has thought".  ~ Albert Szent-Györgyi

Sent from my iPad
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <https://lists.kictanet.or.ke/pipermail/kictanet/attachments/20170104/a5952ca1/attachment.htm>