Belarus publishes law "On payment systems and payment services"

27 апреля 2022
The state introduces regulation in order to protect the rights of all participants in the financial market. A law "On payment systems and services" was published in Belarus, since there was no such a regulatory act in our country before. Thus, the National Bank will regulate the issue of electronic money and payments on the Internet. A new type of payment instruments is introduced - a payment software application. In addition, equal conditions are created for the Belarusian and foreign organizations, working on the principle of aggregator platforms. The document will come into force in 4 months.s publishes law "On payment systems and payment services"