Kenyan Government Orders Payment Processors To Shutdown
Africa is one of the largest sports betting markets on the world despite being the poorest continents on the planet. The revenues generated in markets like Kenya are worth billions of dollars but operators face uncertainty due to a lack of political stability and clear regulations that are present in other contains like Europe etc.
According to a report in Citizen Digital, the Kenyan government has dropped a bombshell and directed mobile payment processors Safaricom, Airtel and Telkom to withdraw SMS codes and paybill numbers for all the 27 companies that currently have gaming licenses that were revoked or suspended on July 1.
This would mean that major leading market operators like SportPesa, Betin and Betway could face major losses. The Betting Control and Licensing Board (BCLB) sent a letter to the telecoms company stating that the regulator was still determining whether these operators were “ fit and proper” to hold gaming licenses.
Mobile payments make up the majority of digital commerce in Kenya and the suspension or loss of these payment channels could mean a major blow to Kenya betting operators.
According to Kenyan Government many operators owe the government significant taxes. In response to these claims one of the largest betting and gaming operators SportPesa said,” SportPesa is a law-abiding corporate citizen that upholds all tax and regulatory requirements.”