KENYA ONLINE Kenyas to gamble on mobile money 2 years ago Samuel Post Views: 938 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 About Post Author Samuel I am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. See author's posts 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 Why some players play the crypto game 20 hours ago Szarlot ONLINE WORLD NEWS Pragmatic Play signs partnership with JK BET aiming for expand in Brazil 22 hours ago Iwo Bulski HOT NEWS ONLINE PlayTSOGO is new online betting operator on SA 2 days ago Iwo Bulski NIGERIA ONLINE Six African countries that ban cryptocurrency 2 days ago Szarlot GAMES ONLINE Star Candy from Greentube 3 days ago Szarlot KENYA ONLINE Africa is the fastest growing continent with a video gaming market 3 days ago Szarlot BETTING KENYA How mobile money supercharged Kenya’s sports betting addiction 3 days ago Samuel ONLINE WORLD NEWS Wazdan agrees a deal with SYNOT Interactive 7 days ago Iwo Bulski ONLINE Best Bitcoin casinos & bonuses 7 days ago Szarlot ONLINE SOUTH AFRICA Bitville Gaming South Africa Expands Its Product Bouquet through TVBET 1 week ago Iwo Bulski ONLINE WORLD NEWS America counting cost of illegal betting 1 week ago Iwo Bulski GHANA ONLINE The MGA hosts a delegation from Ghana discussing lottery regulations in Ghana 1 week ago Samuel 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. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.