KENYA ONLINE Kenyas to gamble on mobile money 1 month ago Samuel Post Views: 147 Kenya’s National Assembly has agreed to allow mobile money services as an accepted form of payment by gaming operators. The rule change came with a revision to the 2019 Gaming Bill, which had previously restricted payment modes to credit or debit cards and electronic bank transfers. Cash was not permitted and, importantly, neither were mobile money transactions. In some ways this decision is not surprising. It is estimated that there are about 58 million mobile money subscribers in Kenya (more than the actual population; many people run multiple mobile money accounts). More surprising might be the fact that the original 2019 bill did not list mobile money platforms as one of the accepted modes of payment. However, some news reports suggest that the government may actually ban credit and debit card payments to gaming operators. This could prove controversial, as the Kenyan government holds 35 per cent shares in Safaricom, the owner of M-Pesa, which overwhelmingly dominates the Kenyan mobile money market. The bill has also been amended to increase the minimum betting amount from KSh50 to KSh100 (about 92 US cents). Whether this reduces gambling and helps to detect unlicensed gaming operators, as is apparently being claimed, or merely enlarges the market opportunity for mobile money payment and gambling generally is likely to be a matter for debate. According to a Nigerian newspaper a 2019 PwC survey suggested that Kenya is Africa’s third-largest gambling market, behind only Nigeria and South Africa. Leaked data from the country’s betting regulator shows that over $3.3 billion was spent on betting in 2019 – and that a lot of the sports betting takes place on mobile phones. Soon, it seems, not just betting but payment for betting could take place on mobile phones. Source: developingtelecoms.com SamuelI am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. Facebook Twitter LinkedIn Email Print Tags: gambling, Kenya, mobile money Continue Reading Previous BetGames.TV partners with Peermont brand PalaceBet.co.zaNext NGB Clarifies Online Gambling Laws More Stories ONLINE SOUTH AFRICA Aurum joins the Microgaming network to improve its operator games 4 hours ago Samuel ONLINE SOUTH AFRICA Best Casinos for 3D slots for South Africa 5 hours ago Peter Situma BETTING HOT NEWS KENYA SportPesa Shareholders Feud Intensify 2 days ago Adeleye Awakan GAMES ONLINE Aleksander 2 – new slot from EGT Interactive 3 days ago Szarlot BETTING KENYA SportPesa reveals secret revenues of Sh150 billion 3 days ago Samuel ONLINE CT Gaming Interactive expands its market share in Africa 3 days ago Szarlot HOT NEWS ONLINE Don’t Gamble with Passwords – With MIRACL, it’s one PIN and You’re In 4 days ago MDM ONLINE Evolution Gaming opens up markets in Africa with Turfsport 4 days ago Szarlot ONLINE Can You Bet Online In Africa? 4 days ago Samuel ONLINE WORLD NEWS Synot Games integrates its slot titles with LeoVegas 4 days ago Iwo Bulski BETTING KENYA SportPesa shareholders feud ends up in Court 4 days ago Adeleye Awakan KENYA ONLINE The state of online gambling in Kenya 5 days ago Peter Situma Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment. This site uses Akismet to reduce spam. Learn how your comment data is processed.