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Legal & Regulatory

2025 List of Licensed Money Remittance Providers in Kenya: Everything You Need to Know

  • BY waceke
  • February 16, 2025
central bank of kenya

In today’s globalized economy, money remittance plays a critical role in empowering individuals and businesses to send and receive funds swiftly and securely. In Kenya, where mobile money and digital financial services are transforming the way we conduct transactions, choosing a trusted and licensed money remittance provider is essential. This comprehensive guide explores the landscape of licensed money remittance providers in Kenya, as regulated by the Central Bank of Kenya (CBK). We’ll delve into why licensing matters, review the top providers in the market, and offer fresh insights into the future of remittance services in Kenya. Whether you’re an individual sending money to family abroad or a business owner involved in international trade, this guide is your go-to resource for making informed decisions about money transfers.

Table of Contents

  1. Introduction: The Importance of Licensed Money Remittance Providers in Kenya
  2. Understanding the Regulatory Framework: The Role of the Central Bank of Kenya
  3. The Growing Money Remittance Market in Kenya
  4. Key Features of Licensed Money Remittance Providers
  5. Comprehensive Directory of Licensed Money Remittance Providers in Kenya
  6. Why Choose Licensed Providers: Security, Transparency, and Trust
  7. Tips for Verifying and Choosing the Right Remittance Provider
  8. Industry Trends and the Future of Money Remittance in Kenya

Introduction: The Importance of Licensed Money Remittance Providers in Kenya

Money remittance is more than just transferring funds; it’s about ensuring financial security, fostering economic growth, and building trust in the financial system. In Kenya, a country renowned for its pioneering mobile money solutions like M-Pesa, money remittance providers play a vital role in connecting families, supporting small businesses, and facilitating international trade.

For both senders and receivers, the security of their funds is paramount. This is why the Central Bank of Kenya rigorously licenses money remittance providers (MRPs) to ensure they meet stringent regulatory standards. Licensed providers are not only legally compliant but also adhere to best practices in transparency, consumer protection, and data security. In an era where digital transactions are rapidly growing, knowing which companies are licensed and reputable is essential.

In this guide, we will help you navigate the myriad options available, highlight key industry players, and provide the latest insights into the money remittance market in Kenya.

Understanding the Regulatory Framework: The Role of the Central Bank of Kenya

The Central Bank of Kenya (CBK) is the primary regulatory body overseeing all financial institutions in Kenya, including money remittance providers. The CBK’s role is crucial for the following reasons:

  • Consumer Protection: By licensing money remittance providers, the CBK ensures that companies adhere to strict standards to safeguard consumer funds and personal data.
  • Financial Stability: Licensed providers contribute to the overall stability of the financial system, reducing risks associated with money laundering and fraud.
  • Transparency and Accountability: The licensing process requires MRPs to maintain transparent operations, report their activities, and comply with regulatory audits.
  • Confidence in the System: Knowing that your money is being transferred through a licensed provider instills trust and encourages more people to participate in digital financial services.

For businesses and individuals alike, the CBK’s oversight provides an assurance that the money remittance services they use are both reliable and secure.

The Growing Money Remittance Market in Kenya

Kenya’s money remittance market has experienced significant growth in recent years, driven by:

  • Increased Migration: With many Kenyans working abroad, the need for efficient and secure channels to send remittances back home has surged.
  • Digital Transformation: The rise of mobile money has revolutionized financial transactions, making it easier and faster to transfer money.
  • Economic Impact: Remittances contribute substantially to Kenya’s GDP, supporting household incomes and small businesses.
  • Technological Advancements: Innovations in fintech have led to more competitive pricing, improved service delivery, and enhanced security features.

According to recent estimates, remittances to Kenya have reached billions of shillings annually, highlighting the critical role that money remittance providers play in the national economy.

Key Features of Licensed Money Remittance Providers

Licensed money remittance providers offer a host of benefits that make them the preferred choice for money transfers in Kenya. Here are some key features:

  • Regulatory Compliance: Strict adherence to guidelines set by the Central Bank of Kenya ensures a safe and reliable service.
  • Robust Security Measures: Advanced encryption and secure platforms protect your personal and financial data.
  • Wide Network Coverage: Many providers have extensive networks both locally and internationally, facilitating smooth transfers across borders.
  • Competitive Rates and Fees: Licensed providers often offer transparent fee structures and competitive exchange rates.
  • Customer Support: Professional customer service teams are available to assist with inquiries, complaints, and guidance on using the service.
  • Digital Integration: Integration with mobile money platforms and online banking allows for easy and convenient transactions.

These features are vital for ensuring that your money transfers are not only fast and efficient but also secure and trustworthy.

Comprehensive Directory of Licensed Money Remittance Providers in Kenya

Below is an in-depth look at the current directory of licensed money remittance providers as regulated by the Central Bank of Kenya. This list provides essential information, including the provider’s name, location, contact details, and licensing dates.

1. Amal Express Money Transfer Limited

  • Location: Amal Plaza, 1st Avenue, Eastleigh, Nairobi
  • Contact Details:
  • Date of Licencing: June 3, 2014

2. Amana Money Transfer Ltd

  • Location: Amana Shopping Complex, Captain Mungai Street, Eastleigh, Nairobi
  • Contact Details:
  • Date of Licencing: November 6, 2014

3. Bakaal Express Money Transfer Ltd

  • Location: Amco Shopping Mall, 1st Avenue, Eastleigh, Nairobi
  • Contact Details:
    • Postal Address: P.O. Box 71248 – 00610, Nairobi
    • Tel: 2394513 or 0717399039
    • Email: nbiinfo@bakaal.com
  • Date of Licencing: November 25, 2015

4. Continental Money Transfer Limited

  • Location: Ecobank Towers, Kaunda Street, Nairobi
  • Contact Details:
  • Date of Licencing: May 12, 2014

5. Dahabshill Money Transfer Limited

  • Location: 20th Century Building, Standard Street, Nairobi
  • Contact Details:
    • Postal Address: P.O. Box 68991 – 00622, Nairobi
    • Tel: 2222728/9 or 0720169999
    • Email: ken.dmtc@dahabsiil.com
  • Date of Licencing: November 19, 2013

6. Flex Money Transfer Limited

  • Location: Green House, Pent House, Grind Number 40, Ngong Road, Nairobi
  • Contact Details:
  • Date of Licencing: February 5, 2015

7. Global Money Transfer Limited

  • Location: 1st Floor Shariff Centre, Eastleigh, Nairobi
  • Contact Details:
    • Postal Address: P.O. Box 47583 – 00100, Nairobi
    • Tel: 020-2321972 / 0722701990
    • Email: globalfrx@gmail.com
  • Date of Licencing: October 2, 2015

8. Hodan Global Money Remittance and Exchange Limited

  • Location: Ecobank Towers, Ground Floor, Kaunda Street, Nairobi
  • Contact Details:
  • Date of Licencing: January 1, 2015

9. Iftin Express Money Transfer Limited

  • Location: Portal Place, Muindi Mbingu Street, Nairobi
  • Contact Details:
  • Date of Licencing: July 10, 2014

10. Juba Express Money Transfer Limited

  • Location: Hamilton House, Kaunda Street, Nairobi
  • Contact Details:
    • Postal Address: P.O. Box 17773 – 00100, Nairobi
    • Tel: 2240540, 0727699669 or 0772699669
    • Email: info@jubaexpress.co.ke
  • Date of Licencing: July 10, 2014

11. Kaah Express Money Transfer Limited

  • Location: Kaah Building, 2nd Avenue, 8th Street, Eastleigh, Nairobi
  • Contact Details:
  • Date of Licencing: October 22, 2014

12. Kendy Money Transfer Limited

  • Location: Sameer Business Park, Block E, Off Mombasa Road, Nairobi
  • Contact Details:
  • Date of Licencing: March 21, 2014

13. Real Value Money Transfer Ltd

  • Location: Shariff Complex, 5th Avenue, Eastleigh, Nairobi
  • Contact Details:
  • Date of Licencing: January 5, 2016

14. Safaricom Money Transfer Services Limited

  • Location: Safaricom House, Waiyaki Way, Westlands, Nairobi
  • Contact Details:
    • Postal Address: P.O. Box 66827 – 00800, Nairobi
    • Tel: 20 427 3272 / 0722 00 3272
    • Email: ceo@safaricom.co.ke
  • Date of Licencing: December 3, 2014

15. Tawakal Money Transfer Limited

  • Location: City House, Ground Floor, Standard Street, Nairobi
  • Contact Details:
  • Date of Licencing: January 1, 2015

16. UAE Exchange Money Transfer Limited

  • Location: IPS Building, Ground Floor, Kimathi Street, Nairobi
  • Contact Details:
  • Date of Licencing: March 20, 2014

17. Upesi Money Transfer Ltd

  • Location: NHIF Building, 1st Floor, Nairobi
  • Contact Details:
    • Postal Address: P.O. Box 60776 – 00200, Nairobi
    • Tel: 0726499656 / 0726500404
    • Email: info@upesi.co.ke
  • Date of Licencing: January 5, 2016

18. Mobex Money Transfer Services Ltd

  • Location: Woodlands Office Park, 4th Floor, Woodlands Road, Nairobi
  • Contact Details:
    • Postal Address: P.O. Box 1956 – 00621, Nairobi
    • Tel: +254-708047188-9 / 736219056
    • Email: contactus@terrapay.com
  • Date of Licencing: March 12, 2017

Why Choose Licensed Providers: Security, Transparency, and Trust

Using a licensed money remittance provider offers several compelling benefits:

  • Security:
    Licensed MRPs adhere to strict security protocols to protect your funds and personal information. Advanced encryption and compliance with CBK regulations ensure that your transactions are safe from fraud and cyber threats.
  • Transparency:
    With clear fee structures, competitive exchange rates, and regulatory oversight, licensed providers offer complete transparency in every transaction.
  • Consumer Protection:
    In the event of disputes or errors, licensed providers are accountable to regulatory bodies, ensuring you have recourse for any issues.
  • Reliability:
    Licensed institutions have a proven track record and are regularly audited by the CBK, giving you peace of mind when transferring money.
  • Access to Innovative Services:
    Many licensed providers integrate with digital wallets, mobile banking, and fintech platforms to offer convenient and fast services—crucial in today’s fast-paced environment.

Tips for Verifying and Choosing the Right Remittance Provider

When choosing a money remittance provider, consider the following:

  1. Check Licensing Status:
    • Verify that the provider is listed on the Central Bank of Kenya’s official directory.
    • Look for recent licensing dates and updates to ensure ongoing compliance.
  2. Compare Fees and Exchange Rates:
    • Evaluate the total cost of your transfer, including any hidden fees.
    • Opt for providers that offer competitive rates without compromising service quality.
  3. Read Customer Reviews:
    • Research user testimonials and ratings online to gauge reliability and customer satisfaction.
    • Look for feedback on transaction speed and customer support.
  4. Assess Service Offerings:
    • Determine whether the provider supports international transfers to your desired destination.
    • Check if they offer additional services such as currency exchange, mobile money integration, or instant notifications.
  5. Customer Support:
    • Ensure the provider offers robust customer service channels, including phone, email, and live chat support.

Industry Trends and the Future of Money Remittance in Kenya

The money remittance industry in Kenya is evolving rapidly, driven by technological advancements and a growing demand for digital financial services. Here are some key trends shaping the future of remittance services:

  • Digital Transformation:
    Increased internet penetration and mobile technology adoption are revolutionizing how money is transferred, making services faster and more accessible.
  • Fintech Innovations:
    The integration of blockchain, artificial intelligence, and machine learning is paving the way for more secure and efficient remittance platforms.
  • Mobile Money Integration:
    With platforms like M-Pesa already dominating the Kenyan market, many licensed MRPs are further integrating mobile money solutions to offer seamless transactions.
  • Regulatory Enhancements:
    The Central Bank of Kenya continues to update regulatory frameworks to keep pace with innovations, ensuring consumer protection and financial stability.
  • Global Partnerships:
    Licensed providers are forming alliances with international remittance networks, expanding their reach and offering competitive services to diaspora communities.

These trends not only enhance the user experience but also drive the growth of the remittance market, making it easier than ever to send and receive money securely.

Licensed money remittance providers in Kenya are at the forefront of ensuring that your international money transfers are secure, transparent, and efficient. With rigorous oversight from the Central Bank of Kenya, these providers offer peace of mind through robust security measures, competitive pricing, and reliable customer service. Whether you’re sending remittances to family abroad or facilitating cross-border business transactions, choosing a licensed provider is a crucial step in safeguarding your funds.


Empower your financial transactions by choosing a licensed money remittance provider that meets your needs. Explore the detailed directory above and contact the provider that best aligns with your requirements. Whether you prefer the convenience of digital platforms or the assurance of in-person customer support, make your money transfers with confidence and security. Visit the Central Bank of Kenya’s official website for the latest updates, and don’t hesitate to reach out directly to any of the providers listed for more information.

Secure your money transfers now—trust only licensed, reliable providers for all your remittance needs in Kenya!