Rwanda: Regulation No. 54/2022 governing electronic money issuers including licensing requirements entered into force

On 19 September 2022, Regulation No. 54/2022 governing electronic money (e-money) issuers, including licensing requirements, enters into force after being published in the official gazette. Non-deposit-taking institutions intending to issue e-money must adhere to the licensing rules established under the regulations governing payment service providers. Deposit-taking financial institutions can also issue e-money if authorised by the National Bank of Rwanda.