Minimum net-worth requirements establish phased capital thresholds for regular and significant payment service providers and define eligible capital components.

Minimum net-worth requirements impose phased capital thresholds on Regular and Significant Payment Service Providers. Regular providers must maintain prescribed net worth at commencement and increase it by the end of the third financial year. Significant providers must meet an initial threshold within ninety days of designation and a higher threshold by the end of the third financial year. Net worth includes specified equity, reserves and compulsorily convertible preference shares, subject to exclusions and adjustments for losses, intangible assets and deferred revenue expenditure.

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