Regulatory Alerts2026-05-11
Regulations No 94/2026 Governing Acquisition and Amalgamation for Payment Service Providers and Payment System Operators
The National Bank of Rwanda issued Regulations No 94/2026 to establish the legal framework and approval procedures for the acquisition and amalgamation of Payment Service Providers and Payment System Operators. The regulations mandate prior Central Bank authorization for any transaction involving controlling shareholdings, impose a 25% ownership cap on non-financial entities, and require comprehensive applications detailing financial capacity, governance structures, and anti-money laundering compliance. Furthermore, the rules define specific post-amalgamation obligations, record-keeping requirements, and sanctions for non-compliance to ensure the stability and integrity of the payment sector.
Share