Banco Central de Timor-Leste decided not to issue more license of new MTO in Timor-Leste.

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Banco Central de Timor-Leste decided not to issue more license of new MTO in Timor-Leste.

Banco Central de Timor-Leste decided not to issue more license of new MTO in Timor-Leste. 29 | 01 | 2020

Taking into account on the numbers of current present Money Transfer Operators (MTOs), banks, and company Fintech in 12 Municipalities and ZEESM-RAEOA  that are  sufficient to provide the remittance services to public in Timor-Leste and also to overseas countries, therefore Banco Central de Timor-Leste (BCTL) decided  not to issue more license of new MTO in Timor-Leste. Click Here.