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Application of DPIs and PSO
Section 5 of the PSA requires an operator of a payment system to submit documents to BNM and obtain notification from BNM to commence its operations.

Section 25 of the PSA requires an issuer of designated payment instruments under the PSA to get prior approval from BNM.

Submission Guideline for Operating Payment System or Issuing Designated Payment Instrument

Please refer to FAQ for frequently ask questions related to the Submission Guideline.
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