ONPS/01/2020 – Licensing and Authorization of Payment Instrument Issuers

The National Bank of Ethiopia has issued Directive No. ONPS/01/2020, which outlines the licensing and authorization requirements for payment instrument issuers in Ethiopia, aiming to promote the safety and efficiency of the national payment system. The directive sets out the application process, requirements, and fees for payment instrument issuers, including banks, microfinance institutions, and other financial institutions.