Rwanda: Licensing requirements in Law No. 61/2021 Governing Payment System
Progress
Current status
in force
01 Nov 2021 in force
14 Oct 2021 adopted
Scope
Implementers
Rwanda
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 government
Implementation Level
national
Timeline of events
Law No. 61/2021 Governing the Payment System including licensing requirements entered into force
On 1 November 2021, Law No. 061/2021 Governing the Payment System, enters into force after being published in the official gazette. The law outlines licensing requirements for payment service providers, mandating the National Bank of Rwanda (BNR) to…
SourceEvent type
law
Action type
implementation
Government branch
executive
Government body
central government
President signed Law No. 61/2021 Governing the Payment System including licensing requirements
On 14 October 2021, the President signed Law No. 061/2021 Governing the Payment System, which establishes a regulatory framework for payment systems and services in Rwanda. The law outlines licensing requirements for payment service providers, manda…
SourceEvent type
law
Action type
signing
Government branch
executive
Government body
central government