First Pay is pleased to announce that it has received official approval from the Central Bank of Tunisia (BCT) as a resident payment institution.
This important milestone reinforces the financial inclusion strategy, which aims to make financial services more accessible to a wider range of Tunisians.
The authorization, established by Decision No. 59 of July 1, 2024 and published in the Official Gazette of the Republic of Tunisia on August 9, 2024, is a significant step towards widening access to digital financial services in the country.
First Pay is positioned in the dynamic payment services sector with the aim of renewing and diversifying the payment options available, a move that is expected to significantly stimulate the development of Tunisia’s financial infrastructure.
Authorized under Article 10 of Law 2016-48 of July 11, 2016, First Pay will offer a wide range of financial services, including cash deposits and withdrawals, direct debits and money transfers in Tunisia and abroad.
By operating independently, First Pay will benefit from greater specialization and flexibility to adapt to market needs.
This operational independence is essential to reduce the circulation of cash and promote financial inclusion in Tunisia.
The payment institution is driven by its commitment to innovation and customer satisfaction, while strictly complying with regulations, including those relating to manual foreign exchange transactions.
Confirming its commitment to the economic and social development of Tunisia, AMEN BANK underlines the strategic importance of ‘First Pay’.
As an independent subsidiary, it operates under separate management while remaining aligned with the Group’s overall vision and promises to transform the financial services landscape in Tunisia.
