Regulatory Alerts2021-01-01
Book No. 13 of 2021 on the Implementation of Non-Cash Payment Regulations
The Financial Regulatory Authority issued Book No. 13 of 2021 to standardize and enforce the use of non-cash payment instruments across Egypt. The legislation mandates compliance for all licensed financial institutions and payment service providers, establishing clear operational guidelines and oversight mechanisms. It further outlines licensing requirements, consumer protection standards, and regulatory reporting obligations to ensure a secure digital payment ecosystem.
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