Kenya’s Proposed Payments Law: What Foreign Fintechs Should Prepare For

Kenya is considering a major overhaul of its payments regulatory framework through the proposed National Payment System Bill, 2026. The draft proposes differentiated licensing categories, capital requirements, open-finance arrangements and stronger oversight of cross-border payments. For foreign fintechs targeting Kenya, the proposals could influence market-entry structures, capital planning and regulatory compliance. Although public consultation closed in October, the proposals should not be treated as law until their legislative status and commencement are confirmed. Businesses planning expansion should begin assessing potential compliance implications.