Press Release: Lifting Suspension of New License Applications for Payment Services Providers and Money Transmission Businesses
Published: Friday November 4th, 2022
On November 30, 2020, the Central Bank of The Bahamas announced the Continued-Moratorium-on-new-MTB-and-PSP-Licenses. The Bank has reviewed this position and advises that with pandemic conditions abated, this sub-sector is in a better position to establish a stable footing and provide expanded services to the Bahamian public. As a result, and with effect from 31 October, 2022, the suspension on new license applications for Payment Services Providers and Money Transmission Businesses has been lifted.
Any questions regarding this NOTICE should be directed to:
The Payments Policy and Oversight Unit
Research Department
Central Bank of The Bahamas
Nassau, Bahamas
Email: [email protected]
Or
Authorizations & Administration Unit
Bank Supervision Department
Central Bank of The Bahamas
Nassau, Bahamas
Email: [email protected]
4 November 2022
www.centralbankbahamas.com
