Rules Governing the Administration of Electronic Payment Business Article 13

Where an electronic payment institution is permitted to engage in small-amount domestic and international remittances business, it shall participate in the inter-institution funds transfer clearing services operated by a financial information service provider for the function of small-amount domestic remittances specified in Paragraph 1, Article 8 of the Act prior to its commencement of business.However, the payment institution may apply for extension to the competent authority, provided that the reasons of the request for extension are justifiable. The extension shall be once only, and its period shall not exceed three months.