Data Source:Laws and Regulations Retrieving System of the Banking Bureau


Title: Regulations Governing Identity Verification Mechanism and Transaction Amount Limits of Electronic Payment Institutions (2021.06.30 Modified)

  Chapter 5 Supplemental Provisions

Article   25    Regarding the user and contracted institution identity verification process and transaction amount limits, if an electronic payment institution does not meet the requirements of the provisions in Chapter 2 and Chapter 3 hereof, the institution shall make adjustments to become compliant within one year after these Regulations enter into force on July 1, 2021.
Article   26    These Regulations shall enter into force on July 1, 2021.