[embed]https://www.youtube.com/watch?v=e136Fvrbr0s[/embed]
This is stipulated in Decree No. 52/2024, which has just been issued, regulating non-cash payments; which stipulates the opening and use of payment accounts as well as clearly states cases of payment account blockade. The above Decree takes effect from July 1, 2024.
According to the above decree, a payment account's balance is partially or completely frozen in the following cases:
Firstly, according to prior agreement between the payment account holder and the payment service provider or at the request of the account holder.
Second, when there is a decision or written request from a competent authority as prescribed by law.
Third, when the payment service provider discovers a mistake or error when mistakenly crediting the customer's payment account or performs a refund request from the money transfer payment service provider due to a mistake or error compared to the payment order of the money transfer party after crediting the customer's payment account.
Fourth, when there is a request for blocking by one of the joint payment account holders, except in cases where there is a prior written agreement between the payment service provider and the joint payment account holders.
Source: 6pm News on May 22, 2024
Source
Comment (0)