Money Remittance Provider — Kenya
The Kenya category mapped to cross-border remittance.
Regulator: Central Bank of Kenya.
Standalone licence under the Money Remittance Regulations, 2013 - a separate act from the NPS Act PSP directory.
Maintained: this official source is re-checked on a weekly schedule — last checked 2026-08-24.
Coverage note: Ingested from the CBK directory edition dated 2026-06-25 (36 entries; raw snapshot retained). Note: CBK publishes editions at a fixed URL behind an aggressively-caching CDN - the source link has been observed serving an older (2017, 18-entry) cached edition; the ingested edition is the newest published. Verify with CBK if the linked file's date differs from the as-of shown here.
Licensed providers
36 entitiesShowing 36 of 36
Licence requirements
What it takes to hold this licence, as stated in the cited official instruments. Capital and fees are shown in the currency the statute itself uses.
| Requirement | As published | Source | Source date |
|---|---|---|---|
| Minimum capital | KES 20,000,000 (minimum core capital, maintained at all times). Historic transitional path was KES 10M rising to KES 20M by 31 Dec 2014 — now the flat standing figure is 20M. Verbatim“it shall at all times maintain a minimum core capital of not less than twenty million shillings. … a minimum core capital of not less than ten million shillings before the commencement of operations and increase the core capital to twenty million shillings by the thirty-first day of December, 2014.” | Money Remittance Regulations, 2013 (Legal Notice 66 of 2013) | 2022-12-31 |
| Local presence / incorporation | Must be incorporated as a limited liability company under the Kenyan Companies Act; Bank may inspect premises before approving commencement. Verbatim“is incorporated as a limited liability company under the Companies Act (Cap. 486) … Bank may… carry out an inspection of premises prior to granting approval” | Money Remittance Regulations, 2013 (Legal Notice 66 of 2013) | 2022-12-31 |
| Timeline | Processing: Bank issues a letter of intent "within ninety days of the applicant lodging the application" (~3 months to letter of intent). ; Licence validity: Licence expires 31 December each year (annual); renewal ≥2 months before expiry. Verbatim“within ninety days of the applicant lodging the application, issue a letter of intent … The licence granted under regulation 7 shall expire on the thirty-first day of December in each year. … at least two months before the expiry. … within ninety days of the applicant lodging the application” | Money Remittance Regulations, 2013 (Legal Notice 66 of 2013) | 2022-12-31 |
| Local ownership | No local-vs-foreign requirement, but a 10% single-shareholder cap (any shareholder) without Bank approval. Verbatim“A shareholder of a money remittance operator shall not own more than ten percent share capital of the money remittance business without prior written approval of the Bank.” | Money Remittance Regulations, 2013 (Legal Notice 66 of 2013) | 2022-12-31 |
| Fees | Application KES 20,000; Annual licence fee KES 100,000 per outlet. Verbatim“twenty thousand shillings … Annual licence fee per outlet: 100,000 … Application fee For a new licence: 20,000” | Money Remittance Regulations, 2013 (Legal Notice 66 of 2013) | 2022-12-31 |
| Ongoing obligations | AML/CFT (Reg 37 — comply with "Proceeds of Crime and Anti-Money Laundering Act (Cap. 59A)"); layered reporting (Reg 34 — "daily returns," "weekly returns," quarterly + audited annual accounts); maintain min core capital at all times (Reg 10); premises inspection (Reg 27); annual renewal (Regs 9, 12). Verbatim“Proceeds of Crime and Anti-Money Laundering Act (Cap. 59A) … daily returns," "weekly returns,” | Money Remittance Regulations, 2013 (Legal Notice 66 of 2013) | 2022-12-31 |
Requirements as published in the cited instruments — not legal or compliance advice. Where a value is located but not yet verified, we show that it exists but don't publish the figure. Verify directly with the regulator.
The equivalent in other markets
Categories mapped to the same normalized activity —
fintech:REMITTANCE_XBORDER:
- → International Money Transfer Operators (IMTO) (Nigeria)
- → International Money Transfer Operator (Ghana)
- → Authorised Dealer in foreign exchange with Limited Authority - Category 3 (South Africa)
- → Money Transfer Service Provider (Tanzania)
- → Money Remittance Operator (Uganda)
- → Money Transfer Service Provider (Zambia)
- → Remittance (Rwanda)
- → Money Remittance/Transfer Agency (Ethiopia)
- → Établissement de paiement spécialisé, exclusivement, en matière de transfert de fonds (Morocco)
- → Authorised Dealer with Limited Authority - Tier 1 (Zimbabwe)
- → Authorised Dealer with Limited Authority - Tier 2 (Zimbabwe)
- → Messagerie financière (DR Congo)
- → Instituição de transferência de fundos (Mozambique)
- → Casa de câmbio autorizada a exercer actividade de remessa de valores (Angola)
- → Foreign Exchange Bureau and Money Transfer (Lesotho)
- → Non-Account Based Payment Services (Money Remittance Service) (Botswana)
- → Money Service Provider (Money Transfer Agent) (Malawi)
- → Établissement de paiement (Tunisia)
- → Money Transfer Business (Somalia)
- → Établissement de paiement de transmission de fonds à l'international (Burundi)
- → Auxiliaire financier (Djibouti)
- → Payment service provider (Seychelles)