Regulatory Alerts2019-06-24
Regulation on Licensing, Regulation and Supervision of Payment System Operators
The Central Bank of the Republic of Kosovo has issued this regulation to establish comprehensive licensing, regulatory, and supervisory frameworks for all payment system operators operating in or applying to operate within Kosovo. The rule mandates a minimum capital of 200,000 Euros with specific cash deposit requirements and outlines strict eligibility criteria for banks, non-bank financial institutions, and corporate entities. It standardizes the application review process to a maximum of 180 days and grants indefinite, non-transferable licenses that require operators to commence activities within twelve months of approval.
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