Ethiopia: National Bank rule on licensing and authorisation of payment instrument issuers (Directive No. ONPS/09/2023)
Progress
Current status
in force
07 Apr 2024 in force
06 Oct 2023 in grace period
Scope
Implementers
Ethiopia
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national
Timeline of events
National Bank rule on licensing and authorisation of payment instrument issuers (Directive No. ONPS/09/2023) entered into force
On 7 April 2024, the Licensing and Authorisation of Payment Instrument Issuers Directive No. ONPS/09/2023 entered into force. The directive establishes a procedure for entities seeking authorisation to issue payment instruments, including electronic…
SourceEvent type
order
Action type
implementation
Government branch
executive
Government body
central bank
National Bank rule on licensing and authorisation of payment instrument issuers (Directive No. ONPS/09/2023) entered into force with grace period
On 6 October 2023, the Licensing and Authorisation of Payment Instrument Issuers Directive No. ONPS/09/2023 came into force with a grace period. Entities licensed by the National Bank of Ethiopia (NBE) to issue payment instruments before this date m…
SourceEvent type
order
Action type
in force with grace period
Government branch
executive
Government body
central bank