Guidelines for issuing Prepaid Instrument (PI) by non-payment system entities

PSD Circular No. 06/2024
The issuance of Prepaid Instruments (PI) by non-payment system entities. They cover the classifications, eligibility criteria, issuance procedures, usage restrictions, and regulatory compliance for both closed and semi-closed PIs. The guidelines also include detail approval processes, reporting requirements, and penalties for non-compliance, aiming to ensure transparency and protect consumer interests in the use of prepaid instruments.