Kenya's Data Integrated Receives Central Bank Approval for Payment Services

Kenya's Data Integrated Receives Central Bank Approval for Payment Services

By Staff Writer, 20 October 2023

Data Integrated, a Kenyan fintech and mobility solutions firm, has secured official approval from the Central Bank of Kenya to operate as a Payment Service Provider (PSP).

Established in 2012 and headquartered in Nairobi, Data Integrated has been at the forefront of innovation in the financial and transportation technology sectors.

Data Integrated's primary focus has been on developing and implementing a comprehensive Mobility as a Service (MaaS) platform.

This platform is designed to bring technological solutions to key players in the public transport ecosystem, catering to bus companies, matatu owners, passengers, regulators, and various partners.

The primary objective of the MaaS platform is to elevate service quality, bolster safety measures, and streamline operations within the public transport sector.

It's a multifaceted approach that aims to bring about systemic improvements in a traditionally fragmented and challenging industry.

Attaining PSP status is a significant milestone for Data Integrated.

This achievement underscores the company's unwavering commitment to promoting financial inclusion and propelling digital payment solutions in Kenya.

Mary Mwangi, the founder and CEO of Data Integrated, expressed her excitement, stating, “The Central Bank of Kenya’s approval to operate as a Payment Service Provider is a significant achievement for Data Integrated. It allows us to further expand our MobiTill solutions and continue our mission of revolutionizing the public transport sector and contributing to the broader goal of financial inclusion. We are dedicated to providing efficient logistics systems and customized payment solutions that address the evolving needs of our stakeholders.”

With this pivotal approval, Data Integrated is poised to make substantial strides in enhancing the public transportation experience while also driving Kenya's digital payment landscape forward.

The future looks promising for this innovative Kenyan company as it continues to reshape the nation's financial and mobility sectors.

Tom Jackson / Disrupt Africa

Related Report

Future of Fintech in Africa

The Future of Fintech in Africa

18% of the world’s population lives in Africa, and 57% of Africans are ‘unbanked’, living without a bank account or a digital wallet to their Name. The opportunity is massive, which is why fintech is the most dominant and most funded tech sector in Africa, today.

Subscribe To Our Newsletter

Stay up to date with the latest news, special reports, videos, infobytes, and features on the region's most notable entrepreneurial ecosystems