Virtual Pay International Limited obtains a license from the Central Bank of Kenya (CBK)


Limited international virtual payment (“Virtual Pay”) is pleased to announce that it has obtained authorization as a payment service provider (PSP) to carry out payment gateway services in accordance with the Payment System Act 2011 National Payment (NPS), to the NPS Regulations 2014. This license allows Virtual Pay to offer its payment processing services to merchants, both local and international. Our goal is to play a central role in the growth of the financial sector, contributing to the growth of the economy as a whole.

As is our practice, we intend to work with all industry players in the market, i.e. banks, non-bank financial institutions, major card schemes, etc., to ensure that we are able to expand our operations for the benefit of all stakeholders.

“We are honored by the approval of the Central Bank of Kenya to offer our services to the citizens of Kenya and the global economy as a whole. We understand the importance of this license and the regulatory and compliance expectations of the CBK. We will continue to firmly adhere to all regulations and compliance guidelines, while delivering innovative, exciting and state-of-the-art services to all of our partners,” said David Morema, CEO of Virtual Pay Group.

About Virtual Payment Group

Locally owned and established in 2019, Virtual payment group is a pan-African omnichannel payment service provider with a broad presence in Africa, the Indian Ocean and Dubai. We are regulated in multiple jurisdictions, which demonstrates our adherence to local and international regulations. We are also certified to international best practice standards like Payment Industry Data Security Standard (PCI DSS) and ISO 27001:2013 – Information Security Management System (ISMS).

Our services include:
1. E-commerce card processing
2. Aggregation of mobile money payments
3. In-Store Payment Processing
4. Educational Institutions ERP and Payment Solutions (VDATO)

Limited international virtual payment (“Virtual Pay”) is pleased to announce that it has obtained authorization as a payment service provider (PSP) to carry out payment gateway services in accordance with the Payment System Act 2011 National Payment (NPS), to the NPS Regulations 2014. This license allows Virtual Pay to offer its payment processing services to merchants, both local and international. Our goal is to play a central role in the growth of the financial sector, contributing to the growth of the economy as a whole.

As is our practice, we intend to work with all industry players in the market, i.e. banks, non-bank financial institutions, major card schemes, etc., to ensure that we are able to expand our operations for the benefit of all stakeholders.

“We are honored by the approval of the Central Bank of Kenya to offer our services to the citizens of Kenya and the global economy as a whole. We understand the importance of this license and the regulatory and compliance expectations of the CBK. We will continue to firmly adhere to all regulations and compliance guidelines, while delivering innovative, exciting and state-of-the-art services to all of our partners,” said David Morema, CEO of Virtual Pay Group.

About Virtual Payment Group

Locally owned and established in 2019, Virtual payment group is a pan-African omnichannel payment service provider with a broad presence in Africa, the Indian Ocean and Dubai. We are regulated in multiple jurisdictions, which demonstrates our adherence to local and international regulations. We are also certified to international best practice standards like Payment Industry Data Security Standard (PCI DSS) and ISO 27001:2013 – Information Security Management System (ISMS).

Our services include:
1. E-commerce card processing
2. Aggregation of mobile money payments
3. In-Store Payment Processing
4. Educational Institutions ERP and Payment Solutions (VDATO)

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