The National Bank of Moldova has ordered the suspension of electronic money issuer BPAY S.R.L.’s license for six months starting November 7, 2026, following an inspection that identified breaches of payment services and electronic money legislation. Findings included violations of licensing and operating requirements, failure to comply with the central bank’s orders, and breaches concerning internal controls and risk management. During the suspension, BPAY must maintain the functions needed to inform payment service users of their account balances, issue statements on request and manage existing obligations to those users. The central bank also ordered BPAY to remedy the violations during this period.
National Bank of Moldova orders suspension of BPAY’s license for six months from November 7
The National Bank of Moldova has ordered electronic money issuer BPAY’s license suspended for six months from November 7, 2026, following regulatory breaches identified in an inspection. BPAY must remedy the violations while maintaining account balance information and statements on request for payment service users, and managing its existing obligations to them.