Digital Payment Systems

Understanding the GENIUS Act: Implications for U.S. Stablecoin Regulation

Last week, U.S. President Donald Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). This is the first federal US law dedicated to regulating stablecoins. The legislation establishes a national framework for dollar-backed stablecoins, aiming to enhance transparency and regulatory certainty in the digital dollar market. Its passage came during […]...

25 Oct 2024

Kenya’s crypto market growth: How KRA’s integration plan can boost revenue and transparency

The Kenyan cryptocurrency market has seen significant growth in recent years. Studies by blockchain analysis firms, such as Chainalysis, estimate that at least four million Kenyans own cryptocurrencie...

28 Mar 2024

Kenya leads mobile money innovation: Trends and key insights from State of the Industry Report 2024

The State of the Industry Report on Mobile Money 2024 has revealed interesting insights into the mobile money landscape across sub-Saharan Africa. Among the countries analysed, Kenya emerges as a foca...

7 Aug 2023

Worldcoin craze in Kenya: Beyond the free money to financial security and data privacy concerns

Worldcoin is an iris biometric cryptocurrency project. Worldcoin was founded with the mission of creating a globally-inclusive identity and financial network, owned by the majority of humanity. Worldc...

8 May 2023

Rearranging the payment systems landscape: Exploring how banks and telecoms can deeply disrupt payment systems

The Central Bank of Kenya (CBK), on Wednesday, May 4, 2023, launched the Kenya QR Code Standard, in an event that was graced by leading players in the telecom and banking sectors. The implication is t...

7 Apr 2023

Cyber security in Kenya: Lessons to learn from attack on state agency and insurance firm

“First, they came for the public sector, then for the private sector, then they came for government officials” So would run a poem about the recent happenings in the cybersecurity sector in Kenya....

9 Dec 2022

Taxing the digital economy: Indepth look at DST, loopholes and how to get it right

The global economy has gone digital. This has increased the issue of tax avoidance and tax equity and sparked an increase in digital taxes worldwide, therefore increasing the number of challenges to t...