Regulatory Alerts2023-01-01
Board of Directors Resolution No. 61 of 2023
The Financial Regulatory Authority (FRA) issued Board Resolution No. 61 of 2023 to establish operational rules for consumer financing companies providing payment services using prepaid cards on behalf of banks. The resolution outlines the regulatory framework governing how these companies process prepaid card transactions and manage their agency relationships with banking institutions. It mandates compliance standards to ensure secure, standardized payment processing while expanding financial access through authorized consumer financing entities.
Search
Menu
YouTube
✕ Main Menu
Home / Uncategorized / Board of Directors Resolution No. (61) for the Year 2023
Board of Directors Resolution No. (61) for the Year 2023
Regarding the rules for consumer financing companies providing payment services using prepaid cards on behalf of banks.
Comments are closed.
About FRA
Contact
Main Legislation Portal
Media Center
Awareness
Electronic Services
Jobs
↑
Close