Mandatory payment service disclosures require clear authorisation warnings, accurate promotional claims, pre-transaction details, and free transaction confirmations.

Payment Service Providers must provide clear authorisation and insolvency-risk disclosures to customers and potential customers, ensure regulatory representations and customer materials are accurate and not misleading, and include prescribed information in advertisements and promotions. Before transaction approval, they must disclose beneficiary details, amount, charges, execution time limits, finality and irrevocability, and applicable exchange rates. They must also issue free transaction confirmations containing specified transaction details and dispute-resolution contact information.

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