Institution to refrain from AIS or PIS for an indefinite period
Must comply with the requirements in regulation 78A(2)(b)of the Electronic Money Regulations 2011 to refrain from providing account information services or payment initiation services for an indefinite period
Epayments Systems Ltd must inform customers
Epayments Systems Ltd must publish in a prominent place on its website [
https://www.epayments.com/], mobile applications and other digital channels, setting out, that it is no longer conducting business.
Epayments Systems Ltd must not register nor on-board new customers
Epayments Systems Ltd must not register nor on-board new customers.
Epayments Systems Ltd must not conduct business with corporate, individuals and/or freelancer customers
Epayments Systems Ltd must not conduct business with customers categorised by Epayments Systems Ltd as corporate, individuals and/or freelancer customers. At this time, the Authority only gives consent to Epayments Systems Ltd to conduct business with an agreed list of customers. Epayments Systems Ltd may only allow first party payments between this agreed list of customers and accounts in their own name with a financial institution within the customer’s jurisdiction of incorporation.
