Government invests in fintech growth to drive growth

The government of Kenya has stepped up its investment in fintech (financial technology) as a strategic move to modernize the financial sector, accelerate financial inclusion, and power broader economic growth. In 2025, Nairobi-led lawmakers passed the Virtual Asset Service Providers Act, 2025 (VASP Act), creating a clear legal framework for cryptocurrencies, digital asset exchanges, and other fintech-driven services — a signal to both local innovators and international investors that Kenya is open for regulated digital finance.
Beyond regulation, the government — through its foundational payment infrastructure efforts — is reinforcing the backbone of fintech operations. The Central Bank of Kenya (CBK)’s ongoing implementation of the Kenya National Payments System Vision and Strategy 2021‑2025 aims to build a modern, secure, and interoperable payments ecosystem that supports mobile money, digital banking, and other fintech services.
For years, these systemic upgrades have helped scale innovations such as mobile-money transfers, digital credit, and cross-platform payments.
Analysts say this coordinated push — combining regulation, infrastructure, and financial inclusion policies — is unlocking new opportunities for fintech firms, small businesses, and consumers alike. As digital financial services grow, more Kenyans gain access to banking, lending, payments, and investment tools even in underserved areas, boosting entrepreneurship, formal-sector growth, and financial inclusion.