PrivPay Closes Operations Following Safaricom’s API Access Termination Due to Compliance Issues
PrivPay, a Kenyan fintech, shut down after Safaricom revoked its access to M-PESA APIs due to compliance concerns. Safaricom stated that PrivPay violated Kenya's Anti-Money Laundering regulations.
PrivPay shutdown after Safaricom cut API access over compliance violations
PrivPay, a Kenyan fintech, shut down after Safaricom cut its access to M-PESA APIs. Safaricom's action was connected to a worry that PrivPay's offering violated compliance issues.
