Regulatory Alerts2013-08-12 | RESOLUCION DE DIRECTORIO Nº 100/2013Added · Updated
Board Resolution No. 100/2013
The Central Bank of Bolivia modifies the Payment Services Regulation to formally define Payment Service Providers (PSPs) and categorize them into four types: Mobile Payment Service Companies, Electronic Payment Instrument Administrators, Remittance Companies, and Exchange Houses. The resolution updates the definition of acquiring to specify that it is performed by PSPs and mandates the inclusion of PSP types and their main activities in a regulatory list. These changes establish the legal framework for recognizing entities that facilitate payment transactions within the national payment system.