Virtual Pay International Limited has been granted authorization as a Payment Service Provider (PSP) by the Central Bank of Kenya. This will enable it to carry out Payment Gateway Services in compliance with the National Payment System (NPS) Act, 2011, NPS Regulations 2014.
This license allows Virtual Pay to offer its payment processing services to merchants, local and international. Our objective is to play a pivotal role in the growth of the financial sector, contributing to the growth of the economy at large.
The global payment solutions provider has a presence in Mauritius and the United Arab Emirates (UAE), operating across a range of industries, including financial services, online retail and trading, hospitality and travel.
David Morema, Virtual Pay Group CEO, had this to say, “We are humbled by the approval from the Central Bank, to offer our services to the Citizens of Kenya, and the global economy at large. We understand the importance of this license, and the regulatory and compliance expectations from the CBK. We shall continue to steadfastly adhere to all regulations and compliance directives, while offering innovative, exciting and state of the art services to all our partners.”