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CYB: Only banks can offer electronic payment services
Thursday 17/December/2020

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English.hadhramaut.info/SABA News Online | Saleh Ahmed

حجم الخط


Thereby, establishing financial institutions outside the law to issue electronic currency without restrictions and coverage is considered to be legally annuled will cause distrust among the public and create inflationary pressures upon national economy.

In a statement the Yemeni News Agency (Saba) learned, the CYB called on the banks to offer electronic payment services given that they are the authorized financial institutions to do so in accordance with the laws and regulations in effects.

The CYB stated that the banks should get the licenses to provide electronic payment from the hadquarters of the CYB in the interim capital Aden.

The CYB warns everybod that any decrees or instructions are issued by the branch of the CBY in Sana'a should never be dealt with.