M-Pesa, Airtel Money can invest customer deposits under new Bill

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Former Central Bank of Kenya Governor Patrick Njoroge on December 1, 2022. 

Photo credit: File | Nation Media Group

Payment providers such as M-Pesa and Airtel Money can invest customer deposits in government securities and interest-bearing bank accounts amid growing calls for the firms to share the interest earned with the wallet holders.

The National Payments Systems Bill 2026 allows providers to keep investing deposits in these securities, potentially generating sizeable returns from the trillions of shillings deposited and moved through the platforms annually.

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