In particular, it seeks to realise our vision of “a secure, fast, efficient and collaborative payments system that supports financial inclusion and innovations that benefit Kenyans.” Let it be clear that without the FinAcess Survey, our National Payments Strategy would have been a weak document. We are at different stages of our respective financial inclusion journeys.
Nagel: If one sector is heavily regulated and another less strictly, this may provide an incentive to sidestep the regulated part. Credit intermediation outside of the sphere covered by banking regulation could give rise to systemic risk. We need to identify this risk and take action if required.