❗️ Installment payment service operators to commence operations
The Presidential Resolution “On measures to improve the provision of installment payment services to the population” (Resolution No. PQ-294 dated August 14, 2026) was adopted.
💸 According to the Resolution, installment payment service operators will commence operations from January 1, 2027.
A legal entity providing installment payment services (except banks and microfinance organizations) shall be recognized as an installment payment service operator.🧾 The right of legal entities to provide installment payment services shall arise after they are entered into the Register of organizations carrying out the activities of installment payment service operators, formed by the Central Bank.
✅ Legal entities shall be entered into the Register as follows:
banks and microfinance organizations — by notifying the Central Bank; other legal entities — by registration with the Central Bank.📋 Real estate, as well as other property withdrawn from circulation or subject to restrictions on circulation in accordance with legislation, may not be the subject of an installment payment service.
💰 An installment payment service operator shall be prohibited from:
🔸 providing financial consumer loans and attracting funds from individuals;
🔸 assigning the right to claim under installment payment service agreements, except in favor of another installment payment service operator, a microfinance organization or a bank.
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