Fintechs expanding between Kenya and Rwanda may soon need one licence
- Kenya and Rwanda signed a memorandum of understanding to develop a licence passporting framework for payment service providers.
- The framework will allow fintechs licensed in one country to operate in the other without seeking new regulatory approval.
- This initiative aims to reduce compliance costs and speed up cross-border expansion for fintech companies.
Tech Labari - Mar 12, 2026
Rwanda and Kenya Sign Deal To Allow Licensed Fintechs To Operate In Their Countries
The central banks of Rwanda and Kenya have signed the Kigali Declaration on Fintech License Passport
The collaboration between Kenya and Rwanda represents a significant step towards enhancing the fintech landscape in East Africa. By simplifying regulatory processes, this initiative could lead to increased innovation and competition in the digital payments sector, ultimately benefiting consumers and businesses alike. Further discussions should focus on how to implement this framework effectively and ensure that it meets the needs of all stakeholders involved.
