Description

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…

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 government

Complete timeline of this policy change

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2021-10-14
adopted

On 14 October 2021, the President signed Law No. 061/2021 Governing the Payment System, which estab…

2021-11-01
in force

On 1 November 2021, Law No. 061/2021 Governing the Payment System, enters into force after being pu…