CBK revokes PayU Kenya licence after firm’s voluntary exit

NAIROBI, Kenya, Oct 24 - The Central Bank of Kenya (CBK) has revoked the authorisation of PayU Kenya Limited as a licensed Payment Service Provider (PSP) Kenya breaking news | Kenya news today |..

✨ Key Highlights

The Central Bank of Kenya (CBK) has revoked the operating license of PayU Kenya Limited, a Payment Service Provider, after the company voluntarily decided to cease operations in Kenya.

PayU Kenya Limited was licensed on March 23, 2023.
The firm applied to terminate its business after a review of its strategic direction.
The CBK confirmed that PayU met all legal and regulatory obligations, including settling customer funds, before its exit.

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