The Central Bank of Kenya (CBK) has said payments fintech Flutterwave and Chipper Cash are not licensed to operate in Kenya.
“Flutter wave is not licensed to operate remittance provider or for that matter as a Payment Service Provider in Kenya. They are not licenced to operate and therefore they shouldn’t be operating. And Chipper, we could also say the same,” said Dr Patrick Njoroge during Wednesday’s post-Monetary Policy Committee (MPC) meeting.
.@theflutterwave and @chippercashapp are not licensed to operate in Kenya. – @CBKKenya
— Khusoko (@khusoko) July 28, 2022
CBK Governor Dr Njoroge on Flutterwave 😬 pic.twitter.com/qiKNdtRQRg
— Eric Jackson (@Jayriq) July 28, 2022
Flutterwave is a Nigerian fintech company that provides a payment infrastructure for global merchants and payment service providers across the continent.
Chipper Cash is a financial services company that features a software application platform that enables free instant cross-border mobile money transfers in Africa as easy as sending a text message.
