Kenya: Rwanda, Kenya Sign Deal to Make Cross-Border Payments Easier

Kenya: Rwanda, Kenya Sign Deal to Make Cross-Border Payments Easier

The National Bank of Rwanda (BNR) and the Central Bank of Kenya have signed the Kigali Declaration on Fintech License Passporting, a move expected to make it easier for payment service providers and fintech companies to operate across both countries.

Rwanda and Kenya Sign Deal To Allow Licensed Fintechs To Operate In Their Countries

The central banks of Rwanda and Kenya just signed the Kigali Declaration on Fintech License Passporting, a major regulatory shortcut that allows fintech firms licensed in one country to operate in the other without starting their paperwork from scratch. The Details The deal was inked Wednesday by BNR Governor Soraya Hakuziyaremye and CBK Deputy Governor […] The post Rwanda and Kenya Sign Deal To Allow Licensed Fintechs To Operate In Their Countr…

Kenya, Rwanda Top Banks Ink Deal for Crossborder Transaction

Kenya and Rwanda have entered into a deal which will see an overarching cross-border payment service between the two states. In a joint memo, the Central Bank of Kenya (CBK) and the National Bank of Rwanda (NBK) agreed to develop a Licence Passporting Framework for Payment Service Providers (PSPs) operating in both jurisdictions. It is … The post Kenya, Rwanda Central Banks Ink Deal for Crossborder Transaction first appeared on Metropol Digital.

Kenya and Rwanda Launch Framework to Streamline Cross-Border PSP Licensing

The Central Bank of Kenya (CBK) and the National Bank of Rwanda (NBR) have signed a MoU to develop a License Passporting Framework for Payment Service Providers (PSPs) operating between the two countries. The Framework will reduce duplicated regulatory processes and recognise the substantial similarities in licensing requirements across the two jurisdictions. By promoting mutual recognition of licensing regimes, it will enable licensed PSPs to e…

Fintechs in Kenya and Rwanda may soon operate under one licence

Kenya and Rwanda are preparing a framework that would allow digital payments companies licenced in one country to operate in the other without seeking fresh regulatory approval, a move that could ease cross-border expansion for fintechs across East Africa. On Wednesday, the Central Bank of Kenya (CBK) and the National Bank of Rwanda (NBR) signed a memorandum of understanding to develop a licence passporting framework for payment service provider…

Rwanda, Kenya sign deal to make cross-border payments easier

The National Bank of Rwanda (BNR) and the Central Bank of Kenya have signed the Kigali Declaration on Fintech License Passporting, a move expected to make...