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Originally published by Capital Business
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business
September 29, 2026
3h ago

Ex-CBK Governor Njoroge wants mobile money firms to share trust fund income

Ex-CBK Governor Njoroge wants mobile money firms to share trust fund income

Njoroge has proposed amendments to payment laws and regulations requiring payment service providers (PSPs) to make “bonus payouts” to wallet holders from income earned on customer funds held in trust, after deducting the costs of administering the trust...

✨ Key Highlights

Former Central Bank of Kenya (CBK) Governor Patrick Njoroge is proposing that mobile money firms share income generated from customer funds held in trust with users.

  • Njoroge suggests requiring payment service providers (PSPs) to make “bonus payouts” to wallet holders from earnings on funds held in trust, after deducting administrative costs.
  • The proposal was submitted as comments on the draft National Payment System Policy, August 2026.
  • This initiative aims to strengthen competition and consumer protection in Kenya's digital payments market.

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