Merchant Acquiring Services
Merchant Acquiring Services Issued on: 15 September 2021 BNM/RH/PD 028-119 Merchant Acquiring Services Applicable to: Registered Merchant acquirers 2 Merchant Acquiring Services Issued on: 15 September 2021 TABLE OF CONTENTS PART A OVERVIEW ........................................ ........................................ ........................................ ........ 1 1. Introduction ........................................ ........................................ ........................................ .................... 1 2. Applicability.
1.2 In tandem with the rapid changes in the electronic payment (e-payment) landscape, merchant acquiringservices have experienced significant growthand considerable change in their business arrangements and set-up. Merchants have extended their acceance of paymept instrumentsnt from only payment cards to other types of ments instrusuch as ...
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