2.8.3 Government entities or juristic persons programmes
Effective from Jan 31 2025 - Jan 30 2025
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If the prepaid payment service is a Government or a juristic persons prepaid payment service (see1.3.2 and 1.3.3), the master accountholder/contracting entity shall be responsible for all expenses incurred in processing the payment including bank fees, service provider charges, and all other costs. The Contracting entity is not allowed to share any costs with the primary cardholders, including deducting fees from funds from the account directly or indirectly.
However, in the case of sub-records where the cardholder is the beneficial owner, transaction effected directly by the beneficial owner (e.g. ATM and/or POS transactions) which may be chargeable, can be applied to such sub-record. All other expenses related to production and distributions of cards remain responsibility of the contracting entity.