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{
    "id": 1342593,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1342593/?format=api",
    "text_counter": 196,
    "type": "speech",
    "speaker_name": "Prof. Njuguna Ndung’u",
    "speaker_title": "The Cabinet Secretary for National Treasury and Economic Planning",
    "speaker": null,
    "content": " Hon. Speaker, on Question 217/2023, my response is that the CBK does not regulate international card schemes domestically, from a payment’s perspective. This is because parties involved in such scheme arrangements enter into exclusive bilateral agreements and are bound by card-scheme rules, and terms and conditions that invariably define the nature and scope of contractual engagements. On Question 295/2023, cash is a form of payment amongst other payment instruments that are recognised by law. The Central Bank of Kenya recognises the recent developments in terms of electronic payment system, especially at the retail level, but does not deter any form The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}