CYB: Only banks can offer electronic payment services
[01/04/2020]
The Central Bank of Yemen (CYB) in Aden said" The CYB is the only authorized body to issue monetary and gives licenses to offer electronic payment, and the decree issued recently by the branck of the CYB in Sana'a about authorizing certain financial institutions identified by Sana'a branch to offer electronic payment service via mobile is a decree issued by an authority isn't legally entitled to do so, thus there is no law about regulizing these financial institutions' action, nor there is legal framework allows institutions otherwise the banks to offer such services".