Kenyan Lawmakers Push for Stronger BNPL Regulations Amid Consumer Exploitation Concerns

Kenyan lawmakers are intensifying scrutiny of Buy Now, Pay Later (BNPL) financing companies following growing complaints about alleged consumer exploitation, excessive lending charges and questionable debt recovery practices. The National Assembly’s Finance and National Planning Committee is preparing to engage the Central Bank of Kenya (CBK) and financing companies to examine consumer protection measures within the rapidly expanding sector. The committee, chaired by Molo Member of Parliament Ku