Regulation No. 42 ''The approval of regulation ''On the licensing, regulation and oversight card payment schemes operators'''

The purpose of this Regulation is to guarantee the security, stability, well-functioning and efficiency of national card payment schemes as an integral component of the small-value payment systems. This purpose is achieved by laying down the criteria and principles on: a) licensing national card payment schemes operators in Albania; b) granting prior approval by the Bank of Albania and obligations of the operator to notify the Bank of Albania during the conduct of the activity; c) regulation and oversight of operators throughout the conduct of the national card payment schemes activity. The Regulation seeks to regulate the lincensing and supervision of card payment schemes at the national level, including 1) the issuer, 2) the card acceptor, 3) the card holder, and 4) the vendor. International card payment schemes are not subject to this Regulation.