CBK seeks power to raid, oust top bosses at payment firms - Business Daily

The Central Bank of Kenya (CBK) is seeking new powers to intervene in digital payment companies, including raiding their premises without notice and removing top executives if they breach the law or face financial difficulties. The proposed National Payment System Bill, 2026, grants CBK officers full access to inspect records, interview employees, and access computers and data to ensure compliance. These measures aim to strengthen regulation of the digital payments sector in Kenya.