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1.3.2. Government Entities payment products

No: BCT/15631 Date(g): 2/5/2012 | Date(h): 11/6/1433 Status: In-Force

Government Entities (which include all governmental institutions, ministries, and local juristic entities and the like) payment products are used by government entities to effect payments to recipients of state payment or to purchase products or services for such agencies. Also, to distribute compensation or benefits to employees and/or beneficiaries. Examples of Government Entities oriented cards are as follows:

a)Social Insurance accounts/payment products
 
  
b)Procurement accounts/payment products
 
  

Funds can only be loaded onto the prepaid account by a government entity itself.