Kenyan SACCOs are facing increased regulatory scrutiny due to surging digital transactions overwhelming their payment systems, according to BPC East Africa Country Manager Prashant Byndoor.

• SACCOs hold over Sh1 trillion in assets and serve more than seven million members.
• The growing volume of real-time payments, processing about 64 billion transactions worth nearly $2 trillion across Africa, highlights system vulnerabilities.
• Fragmented systems and a lack of integrated platforms risk governance concerns and erode customer trust amidst stricter oversight and intensifying competition from fintech firms.