Regulatory Alerts2020-05-18
Central Bank of Tunisia Circular No. 2020-11 dated May 18, 2020
The Central Bank of Tunisia issued Circular No. 2020-11 to establish comprehensive rules for domestic mobile payment services, defining the roles, obligations, and technical standards for banks, payment institutions, post offices, and mobile Switch managers. The regulation mandates instant and irrevocable transaction settlement, cross-institutional interoperability, and strict security, data protection, and anti-money laundering compliance. It further standardizes pricing by capping interchange fees at 0.3 percent, exempting low-value merchant payments, and requiring free core services to promote financial inclusion and cash reduction.
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