Business Daily | Otiato Guguyu
The Central Bank of Kenya (CBK) is set to tighten oversight of mobile money as the government moves to safeguard billions of shillings paid through its expanding digital service platforms.
Treasury Cabinet Secretary Ukur Yatani said the growth of State services on digital platforms came with increased risks of fraud or cybercrime which could lead to significant loss of government revenue.
“Disruption of mobile services due to infrastructural challenges or cybercrime and fraud could lead to significant loss of potential Government revenue, customer deposits and market confidence…
