Central Bank revokes licenses of three payment organizations

Reportedly, in accordance with Article 25 of the Law “On Payments and Payment Systems” and based on the decision of the CB Board of May 20, 2023, the licenses of three payment organizations to operate as a payment organization were revoked and excluded from the register of payment organizations:

- Instant Payment Solutions LLC at the request of the organization to revoke the license;
- Source to Pay LLC due to the suspension of its activities for more than six months;
- TAPP PAYMENT LLC in connection with the failure to carry out its activities within one year from the date of receipt of the license.