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Virtual Pay International Obtains License From Central Bank Of Kenya

Virtual Pay International Limited is pleased to announce that it has been granted authorization as a Payment Service Provider (PSP) to carry out Payment Gateway Services in compliance with the National Payment System (NPS) Act, 2011, NPS Regulations 2014.

This license allows Virtual Pay to offer its payment processing services to merchants, local and international. Our objective is to play a pivotal role in the growth of the financial sector, contributing to the growth of the economy at large.

As is our practice, we purpose to collaborate with all sector players in the market, namely, banks, non-bank financial institutions, major card schemes etc., to ensure that we are able to scale our operations for the benefit of all stakeholders.

“We are humbled by the approval from the Central Bank, to offer our services to the Citizens of Kenya, and the global economy at large. We understand the importance of this license, and the regulatory and compliance expectations from the CBK. We shall continue to steadfastly adhere to all regulations and compliance directives, while offering innovative, exciting and state of the art services to all our partners” says David Morema, Virtual Pay Group CEO.

About author

Editor at TechArena. I cover all things technology and review new gadgets as I get them. You can reach me on email: kaluka@techarena.co.ke
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