Lengthy Licensing Stumps Kenyan Fintech Startups

Fintech startups face significant challenges when expanding to Kenya, primarily due to the lengthy and complex process of obtaining an operating license. Obtaining a payment service provider (PSP) license can take up to two years, forcing startups to rely on workarounds such as partnerships with established players like telcos and banks. High market entry barriers […]

Sep 13, 2024 - 02:00
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Lengthy Licensing Stumps Kenyan Fintech Startups
Lengthy Licensing Stumps Kenyan Fintech StartupsFintech startups face significant challenges when expanding to Kenya, primarily due to the lengthy and complex process of obtaining an operating license. Obtaining a payment service provider (PSP) license can take up to two years, forcing startups to rely on workarounds such as partnerships with established players like telcos and banks. High market entry barriers […]

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