Regulatory Alerts2019-01-01
Decision No. 8 of 2019 on Technical Standards for Financial Transactions in Microfinance through Electronic Payment Companies
The Financial Regulatory Authority issued Decision No. 8 of 2019 to establish technical standards governing financial transactions conducted by electronic payment companies operating in the microfinance sector. The regulation mandates specific operational and reporting requirements to ensure compliance, transparency, and risk management in microfinance activities. It applies to all licensed electronic payment providers facilitating microfinance transactions, thereby integrating them into the formal financial regulatory framework.
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