Chile: Financial Services

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Article
Law No 20.950 – Authorizes The Issuance And Operation Of Pre-Funded Payment Methods By Non-Banking Entities
Law No 20.590 (the "Law"), that authorizes the issuance and operation of pre-funded payment methods or any other similar system (the "Prepaid Cards"), by non-banking entities, when these systems involve that the issuer or the operator regularly engages in monetary obligations with the general public or to specific sectors or groups thereof, was published and came in force on October 29, 2016.
Chile Finance
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