Banque d’Algérie Boosts Digital Payments: New Instruction Details PSP Operations
The Algerian financial landscape is witnessing a significant step forward in digital payment regulation with the recent publication of Instruction n° 06-2025 by the Banque d’Algérie, dated August 17, 2025. This pivotal document is designed to meticulously define the organizational and operational rules for Payment Service Providers (PSPs) in Algeria. It serves as a crucial complement to Regulation n° 25-02 of April 14, 2025, which initially established the general conditions for the authorization and approval of these key players in the fintech sector, paving the way for a more structured and secure digital economy.
Deep Dive into the New PSP Framework
Instruction n° 06-2025 solidifies the regulatory framework for Algeria’s burgeoning digital payments ecosystem. As stated directly within the instruction, its purpose is clear: “In application of the provisions of Regulation n° 25-02 of April 14, 2025, setting the conditions for authorization of formation, approval, and exercise of activities of payment service providers, the purpose of this instruction is to define the rules governing the activity and operation of payment service providers, hereinafter referred to as ‘PSPs’.” This highlights the central bank’s commitment to fostering a robust yet secure environment for financial innovation and payment services. A key aspect introduced by the instruction is the classification of payment accounts into three distinct levels, determined by authorized ceilings, providing a clear structure for various transaction types. Furthermore, the instruction explicitly details the process for account opening, affirming that “the PSP can, at the request of a payment service user, open a payment account.” This regulatory clarity is vital for both financial institutions and consumers as Algeria continues its push towards broader financial inclusion and digital transformation.
The comprehensive nature of Instruction n° 06-2025 underscores the Banque d’Algérie’s proactive approach to supervising the rapidly evolving digital payment sector. By detailing the operational guidelines and account structures, the central bank aims to enhance transparency, minimize risks, and encourage the responsible growth of PSPs. This regulatory clarity is expected to build greater confidence among users and stimulate further innovation within Algeria’s financial technology space, aligning with the broader trend of digital payment adoption across the African continent.
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