{"id":1123328,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/1123328/?format=json","text_counter":372,"type":"speech","speaker_name":"Garissa Township, JP","speaker_title":"Hon. Aden Duale","speaker":{"id":15,"legal_name":"Aden Bare Duale","slug":"aden-duale"},"content":"They are not running the M-Pesa within the ambit of the Central Bank of Kenya (CKB) Act. They cannot use the telecommunication licence given to them by the Communications Authority of Kenya (CAK) to run a banking and financial institution function. They cannot have their cake and eat it. Safaricom is known just like Vodafone and Airtel. Their function is a telecommunication provider, be it voice or data. This House must rise to the occasion and ensure the services they provide is so important and a milestone. M-Pesa is something Kenya as a country is proud of. However, we cannot have M-Pesa regulated under the Telecommunications Act. It must fall within the CBK Act; the M-Pesa of Safaricom must be under the Financial Reporting Centre. They must fall within the Proceeds of Crime and Anti-Money Laundering Act that formed the Financial Reporting Centre."}