Regulatory Alerts2026-01-15 | EPD Circular Letter No. 02Added · Updated
Amendment in Instructions Related to Business of Exchange Companies
The document amends Paragraph 12, Chapter 7 of the Regulatory Framework for Exchange Companies by adding sub-paragraph (h). This addition authorizes Exchange Companies to disburse home remittances digitally through Raast into beneficiary accounts or wallets held with Banks, Microfinance Banks, or Electronic Money Institutions, provided they obtain prior approval from the Exchange Policy Department and complete Raast onboarding requirements. Exchange Companies are required to ensure compliance with these new instructions.
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