Regulatory Alerts2024-09-01
Added · Updated
Circular No. 005 of 2024 on Pricing Services for Payment Institutions
The Banque de la République du Burundi establishes specific fees in Burundian Francs (BIF) for payment institutions and other establishments providing electronic money or payment services, covering application analysis, license issuance, regulatory derogations, and annual surveillance fees based on net results. Annual surveillance fees are automatically debited from current accounts at the Central Bank by March 31 of the following fiscal year, or paid via transfer for entities without such accounts. The circular enters into force upon its publication in the Official Bulletin and on the Central Bank's website.