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Article 61

Date(g): 13/6/2023 | Date(h): 25/11/1444 Status: In-Force

Effective from Jun 13 2023 - Jun 12 2023
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When executing a payment under a one-time payment contract, the payment service provider shall immediately provide the payee with the following information:

A.A reference that enables the payee to identify the payments process as well as the payer and any information transmitted through the payment transactions.
B.The amount of the payment transaction in the currency in which the funds are made at the payee's disposal.
C.Any payments transaction fees payable by the payee.
D.The exchange rates used in the payment transaction by the payment service provider to the payee, as well as the amount of the payment transaction before currency exchange.
E.The date on which the payment transaction value was deposited.