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Nairaland Forum / Nairaland / General / Business / Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed (13846 Views)
Access Holdings To Acquire National Bank Of Kenya Limited / Kenya's Central Bank Said Flutterwave N Chipper Cash Are Not Licensed To Operate / Flutterwave And Illegal Deduction (2) (3) (4)
Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by nlfpmod: 5:11pm On Jul 29, 2022 |
Central Bank of Kenya (CBK) to financial institutions: "immediately cease and desist from dealing with Flutterwave and Chipper Cash. You are thereafter required, within seven days of the date of the letter to confirm to CBK your compliance with the directive." https://twitter.com/IAtalkspace/status/1553032246948495360?t=FK2Osp5OUgluj7XvWlcEWg&s=08 CENTRAL BANK OF KENYA July 29, 2022 TO ALL CHIEF EXECUTIVE OFFICERS OF COMMERCIAL BANKS, MICROFINANCE BANKS AND MORTGAGE FINANCE COMPANIES FLUTTERWAVE PAYMENTS TECHNOLOGY LTD AND CHIPPER TECHNOLOGIES KENYA LTD It has come to the attention of the Central Bank of Kenya (CBK) that Flutterwave Payments Technology Limited (Flutterwave) and Chipper Technologies Kenya Limited (Chipper) have been engaging in Money Remittance and Payment Services without licensing and authorisation by CBK. Money Remittance Services in Kenya are regulated pursuant to the Central Bank of Kenya Act and the Money Remittance Regulations, 2013. Further, Payment Services in Kenya are regulated pursuant to the National Payment System Act and the National Payment System Regulations, 2014. You are therefore directed to immediately cease and desist from dealing with Flutterwave and Chipper. You are thereafter required, within seven (7) days of the date of the letter to confirm to CBK your compliance with the directive. Yours faithfully, MATU MUGO DEPUTY DIRECTOR, BANK SUPERVISION 2 Likes
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Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by GoshenNLA(m): 5:15pm On Jul 29, 2022 |
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Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by NotKnown: 5:15pm On Jul 29, 2022 |
When yahoo boy wear suit and tie come enter office, this is almost what you get. 18 Likes |
Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by Irupetepete: 5:15pm On Jul 29, 2022 |
Cutting corners |
Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by calculator123(m): 5:16pm On Jul 29, 2022 |
Why always Nigerian fintechs? 4 Likes 1 Share |
Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by Prophylactic: 5:16pm On Jul 29, 2022 |
Could it be David investigation having effect on those two criminal firms used to launder money of evil proceed . For any criminal out there making life difficult for fellow humans because of your greed , may you never have peace untill karma finds you including those supporting this evil government of ApC and tinubu 10 Likes 2 Shares |
Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by DrChukki: 5:16pm On Jul 29, 2022 |
These guys should leave our Flutterwave alone... If they're not licensed then force them to get licensed 22 Likes 4 Shares |
Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by brante(m): 5:17pm On Jul 29, 2022 |
Africans always acting like the Africans that they are 1 Like |
Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by iampeterben(m): 5:17pm On Jul 29, 2022 |
Kenya is trying to drive their own fintech company to their citizens. 21 Likes 3 Shares |
Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by seanswitch(m): 5:17pm On Jul 29, 2022 |
David Hun. If you put deyin na you know. 1 Like |
Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by inoki247: 5:17pm On Jul 29, 2022 |
No wonder to send Naira as KES no dey go untop Chipper again..... I believe dey can be forced to get a License.... Unless dey don't want foreign fintech to operate in dere country again make dem confess mak we know.... 11 Likes 3 Shares |
Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by Xscape047: 5:17pm On Jul 29, 2022 |
Fact |
Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by Melodydoctor: 5:18pm On Jul 29, 2022 |
Na so this unlicensed flutterwave pack the money of our people go via 86fb. 4 Likes 1 Share
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Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by Sixfiguresmart(m): 5:18pm On Jul 29, 2022 |
Kenyans are worse than Nigerians. A country of about 40 million people only with the magnitude of corruption as strong as Nigeria is something to consider. They hate Nigerians. They have this inferiority complex and do everything to level up to Nigerians or subjugate Nigerians. Kenyans are opportunists. Nigerians know little about their insidious lifestyle. They have no human feeling or conscience and they are overtly vindictive. The women love Nigerians but for nefarious reasons. Just to use you to elevate themselves. Black maga. They have children wee too young (13, 14, 15 etc), and they have less value for marriage. A wife can decide to move her bag and leave your home without a notice. Kenyans suffer from tribalism as Nigerians do but to an even larger scale. It is a rat race in Kenya. The mindset is rotten and they have less importance for morality. The men are lazy and cowardly with a sense of entitlement. They lack basic Logically intelligence and lack innovative concepts. They are more about knowing WHERE you are from than taking a bath. I invested in the country and everything went with the wind. Not a good place for NIGERIAN investors. Some Nigerians find a way, but each one to his grainfield. Some Nigerian crooks send their offsprings there for education and loot stashing. Flutterwave should have read the basic lines. Business investors should conduct their research before cash flow. 32 Likes 3 Shares |
Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by Lexusgs430: 5:18pm On Jul 29, 2022 |
Wuruwuru to the answer........ 2 Likes |
Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by dejavuh0007(m): 5:19pm On Jul 29, 2022 |
No b this people chop our money for 86FB? 2 Likes 1 Share |
Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by WhizdomXX(m): 5:19pm On Jul 29, 2022 |
Good. I've always been wary of that flutterwave. 1 Like |
Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by saintjimos(m): 5:19pm On Jul 29, 2022 |
They will settle |
Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by nairavsdollars(f): 5:19pm On Jul 29, 2022 |
I smell jealousy 11 Likes 1 Share |
Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by mayorofyentown(m): 5:19pm On Jul 29, 2022 |
i see even if i no see |
Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by Bruno531(m): 5:20pm On Jul 29, 2022 |
This is a very huge problem on Nigeria fintech. Maybe Kenya want to support their own 3 Likes |
Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by sofeo(m): 5:20pm On Jul 29, 2022 |
Long Overdue |
Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by Endsarspillar: 5:20pm On Jul 29, 2022 |
Edo |
Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by Treasure17(m): 5:21pm On Jul 29, 2022 |
Carried the anyhowness of Nigeria to Kenya. 3 Likes |
Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by Endsarspillar: 5:21pm On Jul 29, 2022 |
Edo no be Lagos Osun no be Lagos Nigeria no be Lagos 2 Likes 1 Share |
Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by YoungLionken(m): 5:21pm On Jul 29, 2022 |
Kenya's government is far better than the Nigerian government.. PS. Those in Abuja should be very careful to avoid being victims of the The military can't help you when it happens.. Better be safe than sorry... |
Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by Brendaniel: 5:21pm On Jul 29, 2022 |
I thought they said David Hudeyin was a joker, remember the same flutterwave was indicted for money laundering and their card license were recently withdrawn... 2 Likes |
Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by BadNews: 5:22pm On Jul 29, 2022 |
Nawa o |
Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by imohimoh12: 5:23pm On Jul 29, 2022 |
not cool |
Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by Mindlog: 5:23pm On Jul 29, 2022 |
Many Nigerian yahoo boys based in Kenya used flutterwave intensively to push funds on the steady. Using phantom e-commerce sites to be shifting funds around. 2 Likes |
Re: Central Bank Of Kenya Says Flutterwave And Chipper Cash Are Not Licensed by Dialpad: 5:24pm On Jul 29, 2022 |
What happens to all the seized funds ?? 1 Like 1 Share |
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