Instruction n° 06 du 17 août 2025 portant application du Règlement n° 25-02 relatif aux prestataires de services de paiement (Bank of Algeria Instruction No. 06 of 17 August 2025 implementing Regulation No. 25-02 on Payment Service Providers)

Instruction No. 06 of 17 August 2025, issued by the Bank of Algeria (Banque d'Algérie), is the implementing instrument that puts into operation the framework for payment service providers (PSPs) established by Regulation No. 25-02 of 14 April 2025. Where the Regulation sets the high-level legal architecture, the PSP category, authorisation, minimum capital, fund-safeguarding and consumer-protection principles, the Instruction provides the detailed operational, technical and security requirements that PSPs must satisfy in practice. It forms part of a coordinated package by which the Bank of Algeria has sought to modernise the country's digital-payments ecosystem and bring non-bank payment operators within a clear supervisory perimeter. The Instruction elaborates the practical conditions for the exercise of payment-service activity, including the documentation and procedures for obtaining and maintaining authorisation, the operational organisation expected of PSPs, and, a particular focus, the strengthening of security requirements for electronic payments. It reinforces the safeguards in Regulation 25-02: the obligation to hold customer funds in a dedicated bank escrow account adjusted daily to the aggregate of user balances; the requirement that accounts be denominated exclusively in Algerian dinars; and the tiered electronic-wallet ceilings (DZD 100,000, 500,000 and 1,000,000) with their associated conditions. It also gives operational detail to consumer-protection requirements, including transaction receipts in dinars, free consultation of balances and transaction histories, and accessible complaints-handling. By specifying technical and security standards, covering authentication, transaction integrity, fraud prevention and the protection of users' data and funds, the Instruction aims to ensure that the expansion of electronic payments does not come at the expense of security or consumer trust. Supervision and enforcement remain with the Bank of Algeria, which authorises PSPs, monitors compliance with both the Regulation and the Instruction, and may impose corrective measures or sanctions. Instruction No. 06 should be read together with Regulation No. 25-02 as the operative detail of Algeria's PSP regime. (Original language: French/Arabic.)

1. 1Implements Regulation No. 25-02 with detailed operational, technical and security requirements for PSPs
2. 2Specifies documentation and procedures for obtaining and maintaining PSP authorisation
3. 3Strengthens security standards for electronic payments (authentication, transaction integrity, fraud prevention)
4. 4Reinforces escrow-account safeguarding of customer funds adjusted daily to user balances
5. 5Reinforces dinar-denomination and tiered e-wallet ceiling requirements
6. 6Gives operational detail to consumer-protection and complaints-handling obligations under Bank of Algeria supervision