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ENABLING MOBILE MONEY POLICIES IN THE DEMOCRATIC REPUBLIC OF CONGO
Article 3:
This Directive applies to:
authorised Credit Institutions as referred to in Articles 2 and 3 of Act 003/2002 dated February 2, 2002 relating to the activity and
supervision of Credit Institutions, to organisations referred to in Article 4 of the aforementioned Act, and to Microfinance Institutions
authorised by the Central Bank to issue electronic money; and
Electronic money institutions as deined in Article 1, Point 5, of this Directive.
Article 4:
This Directive does not apply to:
• the monetary value stored on speciic prepaid instruments designed to meet speciic needs, which have limited use either
because the electronic money holder can only purchase goods or services at the premises of the issuer or within a network
of service providers contractually bound to a professional issuer, or because they can only be used to purchase a limited
range of goods or services. Any exemption from this provision shall cease when the instrument of limited application
becomes an instrument of general application; or
• the monetary value used for the purchase of digital goods or services to which an operator assigns added value, provided
that said goods or services can only be used with a digital device and that the operator of the digital or computer
telecommunications system does not act solely as an intermediary between the payment service user and the provider of
the goods and services.
Title II: ACCESS AND OPERAT ING REQUIREMENTS
FOR ELECTRONIC MONEY ISSUANCE ACTIVITIES
CHAPTER I: ACCESS REQUIREMENTS
Article 5:
Prior to performing any electronic money activity, electronic money institutions, as deined in this Directive, must be approved by the
Central Bank.
To this end, they must provide three (3) copies of the following documents, which are required to evaluate their application:
• Written application letter signed by the institution representative, duly authorised, to the attention of the Governor of the
Central Bank;
• Documents establishing the capacity and powers of legal representatives;
• Information sheet about the main shareholders, oicers, and partners of the Institution (template attached);
• Decision of the Board of Directors or management decision by the majority interest partner, authorising the activity of
electronic money;
• Articles of incorporation of the applicant and evidence that the organisation has the initial capital required in Article 6;
• Identity of the persons holding, directly or indirectly, an interest in the capital, the size of such interest, evidence of their
quality, and annual financial statements for the last three (3) fiscal years for legal entities, certified by an authorised
independent auditor, shareholders, and partners;
• Identity of administrators and oicers in charge of managing the issuance and distribution of electronic money;
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Article 3:
This Directive applies to:
authorised Credit Institutions as referred to in Articles 2 and 3 of Act 003/2002 dated February 2, 2002 relating to the activity and
supervision of Credit Institutions, to organisations referred to in Article 4 of the aforementioned Act, and to Microfinance Institutions
authorised by the Central Bank to issue electronic money; and
Electronic money institutions as deined in Article 1, Point 5, of this Directive.
Article 4:
This Directive does not apply to:
• the monetary value stored on speciic prepaid instruments designed to meet speciic needs, which have limited use either
because the electronic money holder can only purchase goods or services at the premises of the issuer or within a network
of service providers contractually bound to a professional issuer, or because they can only be used to purchase a limited
range of goods or services. Any exemption from this provision shall cease when the instrument of limited application
becomes an instrument of general application; or
• the monetary value used for the purchase of digital goods or services to which an operator assigns added value, provided
that said goods or services can only be used with a digital device and that the operator of the digital or computer
telecommunications system does not act solely as an intermediary between the payment service user and the provider of
the goods and services.
Title II: ACCESS AND OPERAT ING REQUIREMENTS
FOR ELECTRONIC MONEY ISSUANCE ACTIVITIES
CHAPTER I: ACCESS REQUIREMENTS
Article 5:
Prior to performing any electronic money activity, electronic money institutions, as deined in this Directive, must be approved by the
Central Bank.
To this end, they must provide three (3) copies of the following documents, which are required to evaluate their application:
• Written application letter signed by the institution representative, duly authorised, to the attention of the Governor of the
Central Bank;
• Documents establishing the capacity and powers of legal representatives;
• Information sheet about the main shareholders, oicers, and partners of the Institution (template attached);
• Decision of the Board of Directors or management decision by the majority interest partner, authorising the activity of
electronic money;
• Articles of incorporation of the applicant and evidence that the organisation has the initial capital required in Article 6;
• Identity of the persons holding, directly or indirectly, an interest in the capital, the size of such interest, evidence of their
quality, and annual financial statements for the last three (3) fiscal years for legal entities, certified by an authorised
independent auditor, shareholders, and partners;
• Identity of administrators and oicers in charge of managing the issuance and distribution of electronic money;
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