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Payments & FinTech Lawyer

Kenyan regulatory net widens to include FinTech lenders

Kenya’s financial services landscape is poised to undergo sweeping legislative change intended to protect consumers from predatory credit practices, among other things, and level the lending playing field, while supporting financial innovation and competition. John Syekei and Eddah Kiai of Bowmans, discuss the growth in the consumer credit market instigated by FinTechs, the concerns that have led to the drafting of one of the most far-reaching pieces of legislation in the financial sector in Kenya - the Financial Markets Conduct Bill 2018, and the likely impact of the draft Bill on FinTechs and traditional financial services players.

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