Regulatory Alerts2023-03-08 | CBE12.8Added · Updated
CBE Regulation Book 12.8 - The Rules Regulating Card Coding Services On Electronic Device Applications
The Central Bank of Egypt establishes the regulatory framework for card tokenization services on electronic device applications within Egypt to enhance security and financial inclusion. The regulation defines key entities including Token Service Providers (TSPs), Token Requestors, OEM Wallets, Host Card Emulation (HCE) Wallets, Issuer Banks, and Acquirer Banks, outlining their specific roles in the payment infrastructure. It mandates the implementation of a Unified Issuer TSP Interface to manage token issuance for all cards issued domestically.