Regulatory Alerts2024-09-01
Circular No. 005 of 2024 on Pricing Services for Payment Institutions
The financial regulatory authority issued Circular No. 005 of 2024 to standardize the pricing of services provided to payment institutions. The directive requires licensed payment establishments to adopt transparent fee schedules and clearly disclose all service charges to clients. Full compliance with these pricing rules is mandatory for all operating payment entities within the jurisdiction.
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