Before the final approval is granted to a licensee, confirmation from a retail bank addressed to the CBB that the licensee's capital (injected funds) — as specified in the business plan submitted under Rule AU-4.1.4 — has been paid in must be provided to the CBB. In addition, for payment services providers a bank guarantee of BD 100,000 must be provided. For Card processing companies a bank guarantee of BD 50,000 must be provided.
Amended: April 2017
April 2016