The financial landscape in Kenya continues to evolve, with money remittance playing a critical role in connecting individuals and businesses locally and globally. The Central Bank of Kenya (CBK) regulates this vital sector, ensuring safety, reliability, and compliance among Money Remittance Providers (MRPs). As of now, there are 17 licensed MRPs authorized to operate in Kenya, offering diverse solutions for international money transfers.
These providers cater to Kenya’s growing need for seamless financial connectivity, both for personal transactions and business purposes. This article provides an updated list of licensed MRPs in Kenya and their contact information. Additionally, we delve into the importance of regulated money remittance services and what they mean for Kenyan consumers.
Why Licensed MRPs Matter
The CBK’s oversight ensures that MRPs adhere to strict standards, offering secure, efficient, and transparent services. Licensing reduces the risks associated with fraud and money laundering while building consumer confidence. Here are some reasons why working with licensed MRPs is crucial:
- Consumer Protection: Licensed providers are required to follow CBK regulations, safeguarding consumer funds and data.
- Compliance with Global Standards: These companies operate under international anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.
- Transparency: They provide clear information about fees, exchange rates, and transaction times.
- Reliability: Licensed MRPs use verified systems to ensure transactions are processed accurately and promptly.
List of Licensed Money Remittance Providers (MRPs) in Kenya
1. Airtel Money Transfer Limited
- Location: Ground Floor, Parkside Towers, Mombasa Road, Nairobi
- Contact: 0734 110 000
- Email: corporatecommunications@ke.airtel.com
- Date Licensed: July 6, 2017
2. Amal Express Money Transfer Limited
- Location: Amal Plaza, 1st Avenue, Eastleigh, Nairobi
- Contact: 0722 878 597 / 0723 281 122
- Email: info@amalexpress.co.ke
- Date Licensed: June 3, 2014
3. Amana Money Transfer Ltd
- Location: Amana Shopping Complex, Captain Mungai Street, Eastleigh, Nairobi
- Contact: 6761296 / 2379824
- Email: amanamnytransfer@gmail.com / amanaforex@hotmail.com
- Date Licensed: November 6, 2014
4. Bakaal Express Money Transfer Ltd
- Location: Amco Shopping Mall, 1st Avenue, Eastleigh, Nairobi
- Contact: 2394513 / 0717 399039
- Email: nbiinfo@bakaal.com
- Date Licensed: November 25, 2015
5. Dahabshill Money Transfer Limited
- Location: 20th Century Building, Standard Street, Nairobi
- Contact: 2222728 / 0720 169999
- Email: ken.dmtc@dahabshiil.com
- Date Licensed: November 19, 2013
6. Flex Money Transfer Limited
- Location: The Green House, Suite 13, Ngong Road, Nairobi
- Contact: 020-3861100 / 0715 919391
- Email: info@flex-money.com
- Date Licensed: February 5, 2015
7. Taaj Money Transfer Limited
- Location: 1st Floor, Shariff Centre, Eastleigh, Nairobi
- Contact: 020-2321972 / 0722 701990
- Email: globalfrx@gmail.com
- Date Licensed: October 2, 2015
8. Hodan Global Money Remittance and Exchange Limited
- Location: Ecobank Towers, Ground Floor, Kaunda Street, Nairobi
- Contact: 0722 302133 / 4400090
- Email: info@hodanglobal.net
- Date Licensed: January 1, 2015
9. Iftin Express Money Transfer Limited
- Location: Portal Place, Muindi Mbingu Street, Nairobi
- Contact: 2629818
- Email: iftinforex@gmail.com
- Date Licensed: July 10, 2014
10. Juba Express Money Transfer Limited
- Location: Hamilton House, Kaunda Street, Nairobi
- Contact: 2240540 / 0777 699669 / 0786 699669 / 0723 727499
- Email: info@jubaexpress.co.ke
- Date Licensed: July 10, 2014
11. Kaah Express Money Transfer Limited
- Location: Kaah Building, 2nd Avenue, 8th Street, Eastleigh, Nairobi
- Contact: 0206767494 / 604 / 0710481111 / 0722731350
- Email: kaahexpress.kenya@gmail.com
- Date Licensed: October 22, 2014
12. Mobex Money Transfer Services Ltd
- Location: Park Place Business Centre, 2nd Floor, Parklands 2nd Avenue, Nairobi
- Contact: 0763276464 / 0730178000
- Email: contactus@terrapay.com
- Date Licensed: March 12, 2017
13. Mukuru Money Transfer Ltd
- Location: 9 West, 9th Floor, Ring Road, Parklands, Nairobi
- Contact: +254 709 427 500
- Email: potlako@mukuru.com
- Date Licensed: March 29, 2019
14. Real Value Money Transfer Ltd
- Location: Shariff Complex, 5th Avenue, Eastleigh, Nairobi
- Contact: 0721 297 906
- Email: realvaluemtransfer@gmail.com
- Date Licensed: January 5, 2016
15. Safaricom Money Transfer Services Limited
- Location: Safaricom House, Waiyaki Way, Westlands, Nairobi
- Contact: 020 427 3272 / 0722 00 3272
- Email: ceo@safaricom.co.ke
- Date Licensed: December 3, 2014
16. Tawakal Money Transfer Limited
- Location: City House, Ground Floor, Standard Street, Nairobi
- Contact: 6766171 / 6767214 / 0722 146643
- Date Licensed: January 1, 2015
17. Upesi Money Transfer Ltd
- Location: Morningside Office Park, 4th Floor, Ngong Road, Nairobi
- Contact: 0709 656000
- Email: info@upesi.co.ke
- Date Licensed: January 5, 2016
Benefits of Using Licensed Money Remittance Providers
- Security: Licensed MRPs are subject to CBK’s regulatory framework, which ensures consumer funds are protected.
- Efficiency: These providers use advanced systems for quick and reliable money transfers.
- Global Connectivity: MRPs in Kenya facilitate international remittances, making it easier for Kenyans to connect financially with the world.
- Transparency in Fees: Licensed providers offer clear and competitive pricing structures.
Money remittance services play a significant role in Kenya’s economy, fostering financial inclusion and global connectivity. By working with licensed MRPs, consumers can rest assured that their transactions are secure and efficient. The CBK’s stringent licensing criteria serve as a guarantee of reliability and trust.
For anyone seeking to transfer funds domestically or internationally, choosing a provider from this list ensures peace of mind and quality service.
