Regulatory Alerts2020-07-13
Central Bank of Seychelles Advisory on Electronic Government Payslips
The Central Bank of Seychelles directs all banks, the Seychelles Credit Union, Development Bank of Seychelles, and Housing Finance Company Limited to accept digitally issued government payslips. This mandate aligns with the Government of Seychelles' transition to email-based electronic payslips for public servants, eliminating reliance on traditional hard copies. Financial institutions must promptly update their verification policies to accommodate this digital shift and prevent customer processing delays.
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