2012-02-09

National Payment System Act (No 39 of 2011)

The National Payment System Act, 2011, regulates and supervises payment systems and payment service providers in Kenya. It empowers the Central Bank of Kenya to designate payment systems and instruments, oversee their operations, and enforce rules to protect the public interest and maintain system integrity. The Act also establishes a recognition process for payment system management bodies and outlines their roles and responsibilities. It further authorizes the Central Bank to issue directives, conduct audits and inspections, and resolve disputes related to payment systems and instruments. The Act includes provisions for confidentiality, record retention, and penalties for non-compliance.

Kenya

Central Bank of Kenya

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