Kenya opens mobile-money APIs to registered developers

Kenya's payments regulator released framework conditions for third-party developers to build services atop dominant mobile-money rails, including caps on transaction velocity and mandatory fraud reporting channels. Banks said the move could expand credit and savings products for underbanked users.

Start-ups praised standardized authentication flows but asked for lower entry fees for early-stage teams. Consumer groups demanded plain-language consent screens for data sharing.

Regional markets in East Africa are watching uptake before drafting similar rules. WOP360 correspondents will cover the first cohort of approved sandbox participants announced next week.