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Originally published by The Kenyan Wall Street
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business
October 20, 2025
7h ago

CBK Strips PayU Kenya of Payment Licence

CBK Strips PayU Kenya of Payment Licence

The CBK has revoked PayU Kenya’s licence after the Prosus-owned payment firm entered liquidation, marking the exit of another global fintech from Kenya...

✨ Key Highlights

The Central Bank of Kenya (CBK) has revoked PayU Kenya Limited's payment operating licence, effective October 13, 2025, following the company's entry into liquidation in August 2025. This decision marks the end of the Prosus-owned firm's efforts to penetrate Kenya's e-commerce gateway market.

  • PayU Kenya struggled to gain traction in a market dominated by Safaricom's M-Pesa, despite operating since 2019.
  • The revocation was signed by CBK Governor Dr. Kamau Thugge, formally ending PayU Kenya's authorization to provide payment services.
  • The company appointed Sonal Tejpal as liquidator under Kenya's Insolvency Act due to operational challenges and low transaction volumes.

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