National Bank of Rwanda - Regulation No. 07/2015 - Governing Payment Services

The National Bank of Rwanda's Regulation No. 07/2015 repeals Regulation No. 06/2012 - Governing Payment Service Providers, and sets forth new rules and provisions for governing the licensing of payment service providers in the country by the Central Bank. The regulation is divided into five chapters, and stipulates provisions on the following topics:

1. Licensing Procedure and Requirements
2. Outsourcing Requirements
3. Outsourcing Agreements
4. Agency Agreements
5. Approval for Deploying Agents or Outsourcing Payment Service
6. Categories of Age
7. Identification of Customers
8. Interoperability
9. Requirements for Specific Services
10. Prohibition of Exclusivity Agreement
11. Reporting Requirements
12. Notification and Approval for Change
13. Sanctions

Document Details

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Year of Document: 
2015
Date of Document: 
Monday, December 14, 2015
Document Authors: 
National Bank of Rwanda

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