List A: E-Money Service Providers which issue electronic payment cards or systems for purchasing goods or services from one specific retailer or group of stores. Notification to ETC is required to commence operation.
List B: Service Providers which provide Credit Card Network services and/or Electronic Data Capturing services. Registration with ETC is required to commence operation.
List C: Service Providers which provide Clearing and Settlement services. A licence is required to commence operations.
Existing Service Providers can continue operating for 120 days after the Decree takes effect. If they wish to continue operating after this period, they must notify, register or apply for a licence (as applicable) within the 60th to 90th day of the 120-day period.
BOT may report to ETC Service Providers which fail to comply with the Decree. ETC may impose appropriate penalties, which may include revocation of the licences of the erring Service Providers.
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