Policy Profile
ID
Policy Question
Responses
IDFS-13
Are eligibility criteria for participants to the payment system (or interoperable platform) readily available?
No 3
Yes 10
No
3 Countries
Guinea
Madagascar
Burundi
IDFS-14
Please indicate the type of entity allowed to participate in interoperable payment platforms in your jurisdiction?
Banks 1
Banks, Mobile Money services providers/ Electronic Money Institutions, Microfinance institutions 2
Banks, Mobile Money services providers/ Electronic Money Institutions, Microfinance institutions, Aggregators 1
Banks, Mobile Money services providers/ Electronic Money Institutions, Microfinance institutions, Fintechs, Aggregators, Other (please indicate) 1
Banks, Mobile Money services providers/ Electronic Money Institutions, Microfinance institutions, Money Transfer Companies 1
Banks, Mobile Money services providers/ Electronic Money Institutions, Microfinance institutions, Money Transfer Companies, Aggregators 1
Banks, Mobile Money services providers/ Electronic Money Institutions, Microfinance institutions, Money Transfer Companies, Fintechs, Aggregators 3
Banks, Mobile Money services providers/ Electronic Money Institutions, Microfinance institutions, Other (please indicate) 1
Banks
1 Countries
Bangladesh
Banks, Mobile Money services providers/ Electronic Money Institutions, Microfinance institutions
2 Countries
Sudan
Ecuador
Banks, Mobile Money services providers/ Electronic Money Institutions, Microfinance institutions, Aggregators
1 Countries
Egypt
Banks, Mobile Money services providers/ Electronic Money Institutions, Microfinance institutions, Fintechs, Aggregators, Other (please indicate)
1 Countries
Rwanda
Banks, Mobile Money services providers/ Electronic Money Institutions, Microfinance institutions, Money Transfer Companies
1 Countries
Madagascar
Banks, Mobile Money services providers/ Electronic Money Institutions, Microfinance institutions, Money Transfer Companies, Aggregators
1 Countries
Burundi
Banks, Mobile Money services providers/ Electronic Money Institutions, Microfinance institutions, Money Transfer Companies, Fintechs, Aggregators
3 Countries
Tanzania
Liberia
Zimbabwe
Banks, Mobile Money services providers/ Electronic Money Institutions, Microfinance institutions, Other (please indicate)
1 Countries
Malawi
IDFS-15
Does the legal framework in your jurisdiction prohibit monopolistic practices?
No 3
Yes 11
No
3 Countries
Guinea
Seychelles
Bangladesh
IDFS-16
What are the main provisions on competition and monopolistic position?
Exclusive clauses are prohibited in agreements
1
For example: mandating interoperability on all mobile payments "wallet providers" participants in the Egyptian market, as well as on all ATM network participants in Egypt "banks" should be full interoperable.
1
Forbids agents exclusivity Forbids establishing closed-loop retail payments systems
1
Mandatory connectivity of all participants to e-payment switch
1
Non exclusivity provision
1
Provisions on mandatory interoperability (Règlement n° 001/2017); and
Non exclusivity of agent banking (Règlement n°002/2017 relatif aux agents commerciaux en opérations de banque et de services de paiement) 1
REGULATION N° 02/2017 OF 22/02/2017 GOVERNING AGENTS in Article 19: Conditions for sharing the agents. An agent of PSP can be an Agent for more than one Institution, provided that the Agent has separate contracts for the provision of such services with each Institution. REGULATION NO 06/2018 OF 27/03/2018 ON MONEY REMITTANCE SERVICES in article 27 and 28 prohibit exclusivity and anti-competition behavior. Exclusivity conditions between International Remittance Providers and its Primary Agent, and between Remittance Service Providers and Agents shall be prohibited
1
There is no specific provision on competition and monopolistic position. 1
Through the cited regulations, monopolistic and exclusivity are strictly prohibited.
1
Exclusive clauses are prohibited in agreements
1 Countries
Zimbabwe
For example: mandating interoperability on all mobile payments "wallet providers" participants in the Egyptian market, as well as on all ATM network participants in Egypt "banks" should be full interoperable.
1 Countries
Egypt
Forbids agents exclusivity Forbids establishing closed-loop retail payments systems
1 Countries
Malawi
Mandatory connectivity of all participants to e-payment switch
1 Countries
Liberia
Non exclusivity provision
1 Countries
Sudan
Provisions on mandatory interoperability (Règlement n° 001/2017); and
Non exclusivity of agent banking (Règlement n°002/2017 relatif aux agents commerciaux en opérations de banque et de services de paiement)
1 Countries
Burundi
REGULATION N° 02/2017 OF 22/02/2017 GOVERNING AGENTS in Article 19: Conditions for sharing the agents. An agent of PSP can be an Agent for more than one Institution, provided that the Agent has separate contracts for the provision of such services with each Institution. REGULATION NO 06/2018 OF 27/03/2018 ON MONEY REMITTANCE SERVICES in article 27 and 28 prohibit exclusivity and anti-competition behavior. Exclusivity conditions between International Remittance Providers and its Primary Agent, and between Remittance Service Providers and Agents shall be prohibited
1 Countries
Rwanda
There is no specific provision on competition and monopolistic position.
1 Countries
Bangladesh
Through the cited regulations, monopolistic and exclusivity are strictly prohibited.
1 Countries
Tanzania
IDFS-17
Does the legal framework provide mechanisms for handling complaints and disputes between payment services providers and consumers?
No 2
Yes 11
No
2 Countries
Madagascar
Zimbabwe
IDFS-18
Are there provisions for data protection (privacy and data security)?
No 3
Yes 11
No
3 Countries
Sudan
Zimbabwe
Malawi
IDFS-19
Are there provisions on pricing and conditions for offering financial services to users?
No 4
Yes 10
No
4 Countries
Liberia
Guinea
Madagascar
Zimbabwe
IDFS-20
Is the pricing regulated by the state or by the Central Bank?
No 8
Yes 7
Yes
7 Countries
Liberia
Sudan
Seychelles
Madagascar
Bangladesh
Burundi
Ecuador
IDFS-21
Who operates the interoperable platform?
Central bank 4
Others (please indicate) 1
Private sector 3
Private sector, Central bank 1
Private sector, Public sector 1
Private sector, Public sector, Central bank 1
Central bank
4 Countries
Liberia
Sudan
Madagascar
Bangladesh
Others (please indicate)
1 Countries
Egypt
Private sector
3 Countries
Malawi
Burundi
Ecuador
Private sector, Central bank
1 Countries
Zimbabwe
Private sector, Public sector
1 Countries
Rwanda
Private sector, Public sector, Central bank
1 Countries
Tanzania
IDFS-22
Does the interoperable system support the following services?
Instant payments 2
Instant payments, QR code, Others (please indicate) 1
QR code 1
Wireless communication technology (NFC) 1
Wireless communication technology (NFC), Instant payments, QR code 4
Wireless communication technology (NFC), Instant payments, QR code, Others (please indicate) 2
Instant payments
2 Countries
Madagascar
Burundi
Instant payments, QR code, Others (please indicate)
1 Countries
Egypt
QR code
1 Countries
Sudan
Wireless communication technology (NFC)
1 Countries
Bangladesh
Wireless communication technology (NFC), Instant payments, QR code
4 Countries
Tanzania
Liberia
Burundi
Ecuador
Wireless communication technology (NFC), Instant payments, QR code, Others (please indicate)
2 Countries
Rwanda
Zimbabwe
IDFS-23
Is the payment platform in your jurisdiction connected with (or can be connected to) other infrastructure for cross-border payments?
No 6
Yes 7
No
6 Countries
Tanzania
Egypt
Rwanda
Madagascar
Bangladesh
Ecuador
Yes
7 Countries
Liberia
Sudan
Seychelles
Zimbabwe
Malawi
Burundi
Ecuador
IDFS-24
Does the system have a business continuity plan?
No 1
Yes 11
No
1 Countries
Seychelles
IDFS-25
Does your system comply with international standards?
No 1
Yes 11
No
1 Countries
Seychelles
IDFS-26
Which international standards does the system complies?
ISO 8583 1
ISO 8583, ISO 20022 4
ISO 8583, ISO 20022, Others (Please specify) 1
Others (Please specify) 4
ISO 8583
1 Countries
Malawi
ISO 8583, ISO 20022
4 Countries
Liberia
Sudan
Rwanda
Ecuador
ISO 8583, ISO 20022, Others (Please specify)
1 Countries
Zimbabwe
Others (Please specify)
4 Countries
Tanzania
Egypt
Madagascar
Bangladesh
IDFS-27
Please indicate the different channels supported by the interoperability platform?
INTERNET, ATMs, POS Agents 1
SMS, INTERNET, ATMs 1
SMS, INTERNET, ATMs, POS Agents 1
SMS, INTERNET, ATMs, POS Agents, Others (Please specify) 1
USSD, INTERNET, ATMs, POS Agents 1
USSD, SMS, INTERNET, ATMs, POS Agents 5
USSD, SMS, INTERNET, ATMs, POS Agents, Others (Please specify) 1
INTERNET, ATMs, POS Agents
1 Countries
Ecuador
SMS, INTERNET, ATMs
1 Countries
Sudan
SMS, INTERNET, ATMs, POS Agents
1 Countries
Madagascar
SMS, INTERNET, ATMs, POS Agents, Others (Please specify)
1 Countries
Egypt
USSD, INTERNET, ATMs, POS Agents
1 Countries
Malawi
USSD, SMS, INTERNET, ATMs, POS Agents
5 Countries
Tanzania
Liberia
Rwanda
Bangladesh
Burundi
USSD, SMS, INTERNET, ATMs, POS Agents, Others (Please specify)
1 Countries
Zimbabwe
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