Resolution 126/2011

The Board of Directors of the Central Bank of Bolivia approves the Regulation of Electronic Payment Instruments, which establishes the rules for the use, acceptance, and operations of these instruments to ensure the secure and efficient functioning of the payment system. The regulation defines authorized instruments such as debit, credit, and prepaid cards, electronic fund transfer orders, and mobile wallets, and sets a maximum transaction limit of one and a half minimum national salaries for instruments linked to payment accounts. It imposes specific obligations on issuers, including data protection for ten years, liability for defective execution, and requirements for clear information provision and operational reporting to holders.

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RESOLUTION OF THE BOARD OF DIRECTORS NO. 126/2011 SUBJECT: FINANCIAL ENTITIES MANAGEMENT – APPROVES THE REGULATION OF ELECTRONIC PAYMENT INSTRUMENTS

HAVING SEEN:
The Political Constitution of the State approved by referendum on January 25, 2009 and promulgated on February 7, 2009.
Law No. 1670 of October 31, 1995 of the Central Bank of Bolivia (BCB).
The Statute of the BCB approved by Board Resolution No. 128/2005 of October 21, 2005 and its subsequent modifications.
The Report of the Financial Entities Management BCB-GEF-SANA-DSP-INF-2011-244 of September 26, 2011.
The Report of the Legal Affairs Management BCB-GAL-SANO-INF-2011-348 of September 29, 2011.

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Lineage: Amended

amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Timeline

Amended 2 times · last 2013-03-20

2013-03-20BCBBoard Resolution No. 022/2013 Approving Modifications to the Regulation on Electronic Payment Instrumentsamends
2012-05-22BCBResolution 060/2012amends

Source: Banco Central de Bolivia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works