Kenya is preparing new rules that could allow regulated stablecoin providers to offer cross-border payment and remittance services, opening another possible channel for Kenyans and businesses sending and receiving money internationally.

The proposal is contained in the Draft National Payment System Policy and National Payment System Bill, 2026, developed by the National Treasury and the Central Bank of Kenya (CBK). The framework seeks to modernise Kenya’s payment system, improve connections between payment platforms and make payments more efficient, affordable and accessible.

Stablecoins are digital assets designed to maintain a relatively stable value, often by being linked to currencies such as the US dollar. Under the proposal, stablecoins and other tokenised assets could be used in cross-border payments and remittances within Kenya’s regulatory framework.

The move comes as the cost of international money transfers remains a concern. The draft policy cites the 2025 Remittances Household Survey, which found that 83.3% of people receiving cash remittances identified high costs as their biggest challenge. Delays and limited connections between payment systems are also highlighted.

For Kenyan families receiving money from abroad, exporters, online workers and businesses making international payments, additional regulated payment options could make it easier to move money between markets. The actual cost and speed would depend on how providers operate and the final rules.

The proposals are still undergoing public participation. Feedback will be considered before the policy and Bill move forward, as Kenya works to accommodate new financial technologies while maintaining oversight and consumer protection.