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{
"id": 1342601,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1342601/?format=api",
"text_counter": 204,
"type": "speech",
"speaker_name": "Prof. Njuguna Ndung’u",
"speaker_title": "The Cabinet Secretary for National Treasury and Economic Planning",
"speaker": null,
"content": " Hon. Speaker, the CBK approves products for any commercial banks that present different types of products, including payments products. However, there are some payments that are encrypted and that means you abide by the conditions. It approves conditions of service, but does not regulate the day to day transactions in those products. It is the same thing with electronic payments system; it approves the product and banks that are going to hold such products, but does not enter into contractual arrangements between two parties. That is the point I was making."
}