{
  "id": 10639363,
  "title": "Ex-CBK Governor Njoroge wants mobile money firms to share trust fund income",
  "url": "https://urgent.news/2026/09/29/ex-cbk-governor-njoroge-wants-mobile-money-firms-to-share-trust-fund",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-29T07:42:59.000Z",
  "source": {
    "name": "Capital Business",
    "slug": "capital-business",
    "url": "https://capitalfm.africa/ex-cbk-governor-njoroge-wants-mobile-money-firms-to-share-trust-fund-income/"
  },
  "original_language": "en",
  "account": "Nairobi, Kenya (September 29) - Former Central Bank of Kenya Governor Patrick Njoroge is advocating for mobile money firms to share income from trust funds with their users, a move that could reshape how payment providers distribute earnings. Njoroge has proposed amendments to laws governing payment services, which would require providers to distribute \"bonus payouts\" to customers' wallets after deducting the costs of managing the trust. He also suggested that the evolving payments ecosystem requires stronger identity verification systems and explicit customer consent for data use. Njoroge's ideas are part of his comments on the draft National Payment System Policy, submitted on September 28 as Kenya aims to revamp its digital payments regulatory framework. The former governor did not detail how the payouts would be calculated or distributed, but his proposal underscores the need for clearer guidelines on competition, interoperability, and instant payments in a market dominated by established players like Safaricom, Telkom Kenya, and KCB Group. Njoroge also raised concerns about fraud, affordability, data privacy, and rural connectivity, while acknowledging the challenges of limited identification and the cost of mobile devices and services. The proposals are likely to influence discussions on the draft National Payment System Bill, which will establish the legislative framework for the new payment system policy.",
  "summary": "Njoroge has proposed amendments to payment laws and regulations requiring payment service providers (PSPs) to make “bonus payouts” to wallet holders from income earned on customer funds held in trust, after deducting the costs of administering the trust.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}