Ethiopia: National Bank rule on licensing and authorisation of payment instrument issuers (Directive No. ONPS/01/2020) entered into force

Description

National Bank rule on licensing and authorisation of payment instrument issuers (Directive No. ONPS/01/2020) entered into force

On 2 October 2020, the National Bank of Ethiopia (NBE)'s Licensing and Authorisation of Payment Instrument Issuers Directive No. ONPS/01/2020 entered into force. This directive repealed the Regulation of Mobile and Agent Banking Services Directive N…

Scope

Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
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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2020-04-01
in grace period

On 1 April 2020, the National Bank of Ethiopia (NBE) issued the Licensing and Authorisation of Paym…

2020-10-02
in force

On 2 October 2020, the National Bank of Ethiopia (NBE)'s Licensing and Authorisation of Payment Ins…