Regulatory Alerts2025-06-12
Procedure for Obtaining a License for Payment System Operator Activities
The National Bank of Tajikistan has issued this regulation to establish the comprehensive procedure for issuing, amending, and revoking licenses for payment system operators, including both domestic and foreign entities. The document mandates specific documentation, capital requirements, and operational standards, such as secure infrastructure and risk management protocols, that applicants must satisfy to obtain regulatory approval. It further outlines the National Bank's authority to maintain a public registry of operators and enforce compliance through strict timelines for application review and license renewal.
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