Regulatory Alerts2026-03-06
External Regulatory Circular DSP-465 of March 6, 2026, Subject 18: Interoperability of Immediate Low-Value Payment Systems
The Board of Directors of the Bank of the Republic issued External Regulatory Circular DSP-465 to modify Annex 5 of the existing framework governing the interoperability of immediate low-value payment systems. The regulation mandates precise technical standards for timestamp synchronization with the National Institute of Metrology, defines specific time-out limits of 45 seconds for payment processing and 10 seconds for key resolution, and establishes strict error handling and failure notification protocols for payment system administrators. Compliance with these operational and messaging standards is required within two months of the circular's publication to ensure the integrity and speed of immediate payment transactions.
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