In a significant regulatory shift, payment service providers (PSPs) and payment service operators will now be required to maintain a minimum capital of Sh250 million. This marks a fivefold increase from previous requirements.
The new mandate is part of the National Payments Bill, 2026, which has been introduced by the Treasury. The bill aims to expand the licensing categories for PSPs and operators, acknowledging the rapid evolution of the payments landscape over the past decade.
This change is designed to enhance the stability and security of payment systems in the country, ensuring that providers are better equipped to handle the growing demands of digital transactions.