Aruban central bank needs mandate to regulate payment system – report

aruba

The Central Bank of Aruba’s (CBA) legal mandate could be altered to enable the institution to regulate the national payment system, a report released by the central bank has revealed.

Commissioned in conjunction with the Netherlands Bank in 2017, the report examines the current Aruban payments infrastructure, seeking market participants’ views on proposed modernisations.

“Many stakeholders expect that the market will not be able to bring about the necessary modernisation, or at least not

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