The Retail Payment Activities Act (RPAA) - applicable to virtually every MSB (who are now considered PSPs) - is now in effect.

What does this mean for PSPs?

🔶 You should have by now applied for registration under the RPAA

🔶 Supervisory Requirements come into effect on today

If you have been approved as a registered PSP, you are now regulated under the RPAA 🎉

New obligations are set forth in the act and you must now comply with:

🔴 Operational risk management

🔴 Safeguarding of end-user funds

🔴 Reporting Obligations under the Retail Payment Activities Act (RPAA)

For a full recap of detailed expert insights and key-dates you need to know about the RPAA, be sure to check out our RPAA expert article series straight from our in-house RPAA team.