Regulatory Alerts2017-06-13
Added · Updated
Circular dated June 7, 2017 regarding the establishment of the National Payments Council and its results regarding reducing expenses for mobile payment services
The circular informs banks of decisions made by the National Payments Council, established by Presidential Decree No. 89 of 2017, to reduce costs for mobile payment services. Specifically, it mandates an exemption from fees for opening mobile payment service accounts for citizens for a period of one year and a 50% reduction in fees for mobile payment services for a period of six months. Banks are instructed to take the necessary steps to implement these decisions.