Ethiopia: National Bank rule on licensing and authorisation of payment instrument issuers (Directive No. ONPS/09/2023) entered into force

Description

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…

Scope

Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank

Complete timeline of this policy change

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2023-10-06
in grace period

On 6 October 2023, the Licensing and Authorisation of Payment Instrument Issuers Directive No. ONPS…

2024-04-07
in force

On 7 April 2024, the Licensing and Authorisation of Payment Instrument Issuers Directive No. ONPS/0…