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ARTICLE · 19 AUGUST 2019

The Guideline On Cybersecurity For Payment Service Providers

The Central Bank of Kenya (CBK) issued a guideline on cybersecurity for Payment Service Providers (PSPs).

KenyaTechnology

Overview

The Central Bank of Kenya (CBK) issued a guideline on cybersecurity for Payment Service Providers (PSPs).

The Guideline on Cybersecurity for Payment Service Providers (the Guideline) is applicable to all PSPs authorised under the National Payment System Act, which include:

  • a person, company or organisation acting as provider in relation to sending, receiving, storing or processing of payments or the provision of other services in relation to payment services through any electronic system;
  • a person, company or organisation which owns, possesses, operates, manages or controls a public switched network for the provision of payment services; or 
  • any other person, company or organisation that processes or stores data on behalf of such payment service providers or users of such payment services.

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