Digital Credit Providers Stories

New Bill seeks to give CBK control over 'buy-now-pay-later' firms to curb exploitation
Lucy Mumbi  |  Nov 18, 2024

The Bill proposes the removal of definitions such as digital channel, digital credit, digital credit business, and digital credit provider from the Ce...

CBK approves 27 more digital lenders to offer credit services in Kenya
Alfred Onyango  |  Oct 01, 2024

The move brings to 85 the total number of licensed digital credit providers in the country.

Licenced digital credit providers rise to 58 after CBK gives nod to 7 more firms
Maureen Kinyanjui  |  Jun 27, 2024

CBK said the move will intensify competition in the lucrative digital credit industry, providing more options for Kenyans seeking digital loans.

Harassment cases of borrowers by digital lenders decline by 75% – Data Protection Office
Barack Oduor  |  May 15, 2024

The Data Protection Commissioner, Immaculate Kassait, noted a drastic decline in complaints against financial service providers since the introduction...

CBK grants licenses to 19 new digital lenders
Rading Biko  |  Mar 06, 2024

The CBK received over 480 applications for licensing as firms rushed to comply with the Act.

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