Regulatory Alerts2013-08-13 | SGDB N° 032/2013Added · Updated
SGDB N° 032/2013
The Central Bank of Bolivia amends the Payment Services Regulation to authorize a broader range of electronic instruments for commercial payments by redefining acquiring. The resolution formally classifies Payment Service Providers (PSPs) into four specific categories: Mobile Payment Service Companies, Electronic Payment Instrument Administrators, Remittance Companies, and Exchange Houses. These entities are permitted to perform their principal activities and, with prior authorization from the Financial System Supervision Authority (ASFI), provide additional payment services such as clearing and settlement.