Bankers Association appoints new CEO in charge of mobile banking

The Kenya Bankers Association has appointed a senior management team to run its mobile banking and financial technology subsidiary.

The move comes as banks prepare to take on telecom firms in the fight for a slice of the mobile banking market.

Jennifer Theuri has been named as the CEO of integrated payments services limited, the firm fully owned by the bankers lobby group.

Others appointed in senior management positions include Michael Mbuthia as the chief information officer and Paul Munguti who has been named as the products manager.

Kenya Bankers Association Chief Executive Officer Habil Olaka says the team will provide industry leadership to develop technologies and services that ease banking and deepen financial inclusion.

Integrated payments services limited was set up in 2016 with the aim of creating an integrated mobile money transfer platform for all banks.

Currently banks have to partner with mobile service providers facilitate money transfers between banks and customers.