CBK PRESS RELEASE

PYCS Celebrates Licensing of Zamupay as a Payments Service Provider by the Central Bank of Kenya PYCS is thrilled to announce that Zamupay, a fully owned subsidiary of PYCS, has been officially licensed as a Payments Service Provider (PSP) by the Central Bank of Kenya (CBK). This remarkable milestone underscores PYCS’s unwavering commitment to delivering secure, innovative, and customer-focused financial solutions that empower businesses and individuals. With this license, Zamupay is poised to offer seamless, compliant, and reliable payment solutions across Kenya—further advancing PYCS’s mission of driving growth through technology-driven innovations that create lasting value for our customers. The licensing…

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The Evolution of Remittances: From hand carried cash to Digital Transfer

Imagine this, It’s the late 1900s, and John, a young farmer, has just received a letter from his brother, Samuel, who’s moved to another country in search of better opportunities. Samuel wants to send some money home to help the family, but how can he do it? There’s no internet, no mobile phones, and no apps. What was once a simple letter in the post is about to transform into a journey across oceans, through the hands of strangers, couriers, and eventually into John’s hands, if it even makes it. It’s a world of uncertainty, where the process of sending…

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