Mobile Phone Banking in Kenya: How Adequate Is the T Regulatory Framework?
Abstract
This thesis discusses the topic subject of mobile phone banking in Kenya. It
seeks to find out how adequate the regulatory framework in Kenya is III
regulating mobile phone banking. This is based on the fact that mobile phone
banking is a novel concept in Kenya which is evolving very fast devoid of any
proper regulatory system.
The study also seeks to find out who should be the regulation of mobile phone
banking. Should it be the Central Bank of Kenya, the Communications
Commission of Kenya or should there be joint regulation or should a separate
body be set up to regulate this sector of the economy. The study also seeks to
suggest among other things if it.is found out that the regulatory framework is not
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adequate, to suggest the areas of law that need enactment or amendment.
The method of research was basically desktop research. We looked at both
primary and secondary sources df information. The •study looked at various
legislations, regulations and government policies that relate to the area of mobile
phone banking. The findings of the research are that the current regulatory
framework in place is inadequate in regulating mobile phone banking. There is
need to amend various legislations to capture mobile phone banking. There is
also need to set up a separate body that will deal with regulation of mobile phone
banking.
The study concluded that mobile phone b*anking- is evolving very fast and if
proper legislation is not put in place, the law will be overtaken by events.
Citation
A thesis submitted in partial fulfillment of the requirements for the award of Master of Laws (LL.M) Degree, University of Nairobi.Publisher
University of Nairobi School of Law, University of Nairobi