Regulatory Alerts2021-07-15 | CIEX N° 24/2021Added · Updated
CIEX No. 24/2021: Procedure for No Objection to New Electronic Payment Services and Instruments
This circular establishes the procedure for financial entities to request a No Objection from the Central Bank of Bolivia (BCB) before incorporating new electronic payment services or instruments into their operations. Entities must submit a formal note detailing functional descriptions, security characteristics, operational processes, testing results, and contingency plans to the BCB's General Management. The BCB reviews the submission and issues a No Objection or Objection with technical justification, which entities must then present to the Financial System Supervision Authority (ASFI) to obtain final authorization. This document supersedes Circular Externa CIEX No. 023/2020.