Is a payment provider, in Malawi

Credit Reference Bureau Act, 2010 (Cap. 46:09), Parts II, III and V · Read the law's page

• If you conduct credit reference bureau business, hold a licence as a credit reference bureau under the Financial Services Act, and be a limited liability company to be licensed.
• If you are a credit reference bureau, provide credit information services only to financial institutions regulated under the Financial Services Act, and give any other user access only after the user has submitted the account holder's written authorization to you.
• If you are a credit reference bureau, do not provide credit information of persons held in your database to a user or any other person for the purposes of offering or advertising goods, facilities or services to those persons.
• If you are a credit reference bureau, keep controls and procedures that protect the quality of your database and the confidentiality of its information, use the information collected only for the purposes of credit reference bureau business, and maintain a historical database covering seven years.
• If you are a credit reference bureau, let an account holder access the credit information held about them, free of charge on a screen, and remedy illegal, inaccurate, erroneous or outdated information promptly after a review request, correcting the errors in your database within ten working days.
• If you are a financial institution, submit credit information of your customers to all credit reference bureaux.