The Central Bank of Kenya (CBK) has licensed an additional 41 Digital Credit Providers (DCPs).
DCPs are non-deposit-taking financial institutions that offer short-term loans through digital platforms such as the internet, mobile apps, or online platforms.
Through a press release on Thursday, June 5, CBK revealed that the approval of the new DCPs brought the number of licensed DCPs to 126.
Another 27 were licensed in October last year.
