We hereby inform the business community and other interested parties that Notice No. 07/GBM/2024 of 29 February 2024 (hereinafter referred to as "Notice 07") has been approved, which establishes the transaction limits applicable to Electronic Money Institutions (hereinafter referred to as "EMIs"), which are defined by Law 20/2020 of 31 December approving the Law on Credit Institutions and Financial Companies, as financial companies authorised to provide payment services, whose main purpose is to issue means of payment in the form of electronic money.

Under the terms of Notice 07, EMIs must comply with the following transaction limits, when carrying out their business:

The following organisations are exempt from applying the above limits: medium and large companies and Public Administration bodies and institutions.

We would also like to inform that Notice 07 comes into force 30 days after its publication.