that a regulator that is entitled to ER regulate information communication technology in Rwanda certified the technology infrastructure for Payment Service Provider operating network. for protecting beneficiaries’ funds IW against insolvency or winding up of the company. License to operate in the home/base country LH where the applicant is a subsidiary of a foreign company letter of no objection from the home NB regulatory authority recommending the applicant to establish a company providing payment services in Rwanda of business registration in Rwanda; CB of existence of a trust account with a TA licensed commercial bank in Rwanda, set up such that the trust account is not accessible to the institution for its non-payment services operations; that the applicant holds initial capital as IC mentioned under this regulation. of the owners and the percentages of shares PS owned by each. Fit& Proper form duly filled the senior FP management. audited financial statements of Parent FS Company if any. tax compliance certificate from tax TC authorities in Rwanda. address of the head office. AH
that a regulator that is entitled to regulate information communication technology in Rwanda certified the technology infrastructure for Payment Service Provider operating network. ER for protecting beneficiaries’ funds against insolvency or winding up of the company. IW License to operate in the home/base country where the applicant is a subsidiary of a foreign company LH letter of no objection from the home regulatory authority recommending the applicant to establish a company providing payment services in Rwanda NB of business registration in Rwanda; CB of existence of a trust account with a licensed commercial bank in Rwanda, set up such that the trust account is not accessible to the institution for its non-payment services operations; TA that the applicant holds initial capital as mentioned under this regulation. IC of the owners and the percentages of shares owned by each. PS Fit& Proper form duly filled the senior management. FP audited financial statements of Parent Company if any. FS tax compliance certificate from tax authorities in Rwanda. TC address of the head office. AH