Payment service provider — The Gambia
The The Gambia category mapped to payment processing.
Regulator: Central Bank of The Gambia.
Central Bank of The Gambia authorisation for a payment service provider (« a person engaged in the sending, receiving, storing or processing of retail transfers », other than a bank / financial institution / authorised e-money issuer) under the Regulation for the Provision of Mobile Money Services, 2011. Licensing is mandated (the Bank authorises a person as a payment service provider under §4.2, with a D10,000,000 core capital + D5,000,000 security deposit under §5.1/5.2), but NO public register or list of authorised payment service providers is published anywhere on cbg.gm located this build → the coverage state is register_unavailable (the SZ-CBE-MMSP / CD-BCC-SWITCH exemplar), with the sourced mandate + the published D1 requirements. Distinct from the mobile-money wallet lane (GM-CBG-MMO → e-money): this is the non-e-money retail-transfer processor whose capital floor is the one the instrument fixes.
Maintained: this official source is re-checked on a weekly schedule — last checked 2026-08-04 · unchanged since the previous check.
Register unavailable: Licensing of payment service providers is mandated — the Central Bank authorises a person as a payment service provider under §4 of the Mobile Money Regulation 2011, with a D10,000,000 core capital + D5,000,000 security deposit under §5 — but no public register or list of authorised payment service providers has been located anywhere on cbg.gm (the payment-system pages list banks/RTGS participants only; the mobile-money page names the mobile money operators, not the wider PSP class). This page will carry the register when one publishes. The published D1 requirements are recorded; no named PSP facts are minted.
Licence requirements
What it takes to hold this licence, as stated in the cited official instruments. Capital and fees are shown in the currency the statute itself uses.
| Requirement | As published | Source | Source date |
|---|---|---|---|
| Minimum capital | Ten Million dalasis (D10,000,000) core capital, held at the time of authorisation, for a payment service provider other than a licensed bank, financial institution or authorised e-money issuer (Mobile Money Regulation 2011 §5.1). Verbatim“A payment service provider, other than a licensed bank, financial institution and an authorised e-money issuer, shall, at the time of authorisation, hold a core capital of not less than Ten Million dalasis.” | Regulation for the Provision of Mobile Money Services, 2011 — §4.1/4.2 (authorisation process, 30-day decision, LLC-in-Gambia, D10k fee), §4.5 (12-month renewal), §5.1/5.2 (D10M core capital + D5M security deposit), definitions (retail-transfer D10k cap; e-money issuer carve-out) | 2011-10-15 |
| Local presence / incorporation | The applicant must be a limited liability company registered in The Gambia (Mobile Money Regulation 2011 §4.2(a)). Verbatim“The person is a limited liability company registered in The Gambia” | Regulation for the Provision of Mobile Money Services, 2011 — §4.1/4.2 (authorisation process, 30-day decision, LLC-in-Gambia, D10k fee), §4.5 (12-month renewal), §5.1/5.2 (D10M core capital + D5M security deposit), definitions (retail-transfer D10k cap; e-money issuer carve-out) | 2011-10-15 |
| Timeline | The Bank decides within thirty days of receiving the complete information requested under §4.1 (Mobile Money Regulation 2011 §4.2). Verbatim“The Bank shall, within 30 days of receiving the complete information requested under 4.1, authorise a person as a payment service provider” | Regulation for the Provision of Mobile Money Services, 2011 — §4.1/4.2 (authorisation process, 30-day decision, LLC-in-Gambia, D10k fee), §4.5 (12-month renewal), §5.1/5.2 (D10M core capital + D5M security deposit), definitions (retail-transfer D10k cap; e-money issuer carve-out) | 2011-10-15 |
| Local ownership | No such requirement: The Mobile Money Regulation 2011 imposes no local-shareholding or nationality cap on a payment service provider. | Regulation for the Provision of Mobile Money Services, 2011 — §4.1/4.2 (authorisation process, 30-day decision, LLC-in-Gambia, D10k fee), §4.5 (12-month renewal), §5.1/5.2 (D10M core capital + D5M security deposit), definitions (retail-transfer D10k cap; e-money issuer carve-out) | 2011-10-15 |
| Fees | A non-refundable application fee of Ten Thousand dalasis (D10,000) is lodged with the Bank (Mobile Money Regulation 2011 §4.2(i)). Verbatim“The person has lodged a non-refundable application fee with the Bank of Ten Thousand Dalasis or any such amount that may be determined by the Bank from time to time.” | Regulation for the Provision of Mobile Money Services, 2011 — §4.1/4.2 (authorisation process, 30-day decision, LLC-in-Gambia, D10k fee), §4.5 (12-month renewal), §5.1/5.2 (D10M core capital + D5M security deposit), definitions (retail-transfer D10k cap; e-money issuer carve-out) | 2011-10-15 |
| Ongoing obligations | A payment service provider must at all times hold core capital ≥ Ten Million dalasis plus a Five Million dalasis security deposit (which may be invested in Treasury bills), reviewable by the Bank (§5.2); the authorisation is valid for and renewable each twelve-month period, and remains in force while a renewal application is pending (§4.5); a retail transfer to a payee holding no payment account may not exceed ten thousand dalasis (definitions); quarterly reporting to the Bank applies (§13). Verbatim“payment service providers shall at all times hold core capital equal to or greater than. (a) Ten Million Dalasis; and (b) Security deposit of Five Million Dalasis which may be invested in Treasury bills. The security deposit shall be subject to review from time to time. … An authorisation made under this clause may on expiry be renewed for a further period of twelve months” | Regulation for the Provision of Mobile Money Services, 2011 — §4.1/4.2 (authorisation process, 30-day decision, LLC-in-Gambia, D10k fee), §4.5 (12-month renewal), §5.1/5.2 (D10M core capital + D5M security deposit), definitions (retail-transfer D10k cap; e-money issuer carve-out) | 2011-10-15 |
Requirements as published in the cited instruments — not legal or compliance advice. Where a value is located but not yet verified, we show that it exists but don't publish the figure. Verify directly with the regulator.
The equivalent in other markets
Categories mapped to the same normalized activity —
fintech:PAYMENT_PROCESSING:
- → Payment Solution Service Provider (PSSP) Authorisation (Nigeria)
- → Switching & Processing Licence Category (Nigeria)
- → Electronic Retail Payment Service Provider (Kenya)
- → Third Party Payment Provider (South Africa)
- → System Operator (South Africa)
- → Payment Service Provider (Tanzania)
- → Payment Service Provider (Uganda)
- → Payment Aggregation Service Provider (Zambia)
- → Aggregator (Rwanda)
- → Établissement de paiement (Benin)
- → Établissement de paiement (Burkina Faso)
- → Établissement de paiement (Côte d'Ivoire)
- → Établissement de paiement (Guinea-Bissau)
- → Établissement de paiement (Mali)
- → Établissement de paiement (Niger)
- → Établissement de paiement (Senegal)
- → Établissement de paiement (Togo)
- → Payment System Operator (POS & Payment Gateway Operator) (Ethiopia)
- → Établissement de paiement (Cameroon)
- → Établissement de paiement (Central African Republic)
- → Établissement de paiement (Congo-Brazzaville)
- → Établissement de paiement (Gabon)
- → Établissement de paiement (Equatorial Guinea)
- → Établissement de paiement (Chad)
- → Établissement de paiement offrant des produits et services de paiement (Morocco)
- → Electronic payment processing (EFT / payment gateway) (Zimbabwe)
- → Agrégateur (prestataire de services connexes de paiement) (DR Congo)
- → Agregador de pagamento (Mozambique)
- → Sociedade Prestadora de Serviços de Pagamentos (Angola)
- → Payment Service Provider (Mauritius)
- → Third-party payment service provider (Namibia)
- → Payment facilitator service provider (Namibia)
- → Account Based Payment Services (Botswana)
- → Payment Service Provider (Other PSP) (Malawi)
- → Établissement de paiement (Tunisia)
- → Établissement agrégateur de paiement (fournisseur de plateforme de paiement) (Burundi)
- → Payment service provider (Seychelles)
- → Instituição de pagamento (Cabo Verde)
- → Payment service provider (Sierra Leone)