A judge has turned down the Central Bank of Kenya's (CBK) request to orally interrogate the directors of Mobile Pay in court, handing a reprieve to the payment services provider whose permit was suspended by the apex bank for alleged non-compliance with set rules.
The business licence of the firm, which operates under brand name Tangaza, was revoked in October 2021 following allegations of continued violation of the national payment system laws and regulations such as failure to submit compliance reports including audited financial statements.
