Regulatory Alerts2025-01-01
Fast Payments Directive 1 of 2025 A1 Amending Compliance Timelines for the Eswatini Payment Switch
The Central Bank of Eswatini issued Fast Payments Directive 1 of 2025 to extend the compliance deadline for payment service providers and participants from 31 January 2025 to 28 February 2025. This adjustment accounts for the actual system go-live occurring in December 2024 rather than November, allowing adequate stabilization for network and operational requirements. Non-compliance triggers financial penalties determined by the Central Bank based on the failure's severity, duration, statutory provisions, and mitigating circumstances.
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