The Central Bank of Kenya (CBK) has granted Virtual Pay International Limited a license to operate as a payment services provider.
The license allows the company to offer its payment processing services to local and international merchants in the country.
“We are humbled by the approval from the Central Bank to offer our services to the citizens of Kenya and the global economy at large. We understand the importance of this license and the regulatory and compliance expectations from the CBK.
“We shall continue to steadfastly adhere to all regulations and compliance directives while offering innovative, exciting and state-of-the-art services to all our partners,” said Virtual Pay Group Chief Executive David Morema.
Virtual Pay also operates in Tanzania, Rwanda, Mauritius and the United Arab Emirates (UAE).
