Electronic money institutions are a type of non-banking financial institutions that accept physical cash and other forms of payment in exchange for electronic money, while providing facilities for transferring payments in electronic form. Electronic money refers to a monetary value stored within a designated electronic network, used for payments or money transfers in a non‑physical format, with a limited amount typically transacted via mobile phones.
The integration of EMIs into a formal regulatory system is essential for reducing the risks of money laundering and other financial offenses, while ensuring that these institutions operate transparently and remain safeguarded from misuse. Currently, Da Afghanistan Bank has issued operating licenses to seven electronic money institutions, which function under its legal and regulatory supervision to uphold compliance and support the financial sector’s stability.
| No | Title | Website |
|---|---|---|
| 1 | Roshan Telecommunication Company - MSDA or (M-Paisa) | www.roshan.af |
| 2 | Etisalat Telecommunication Company - M-Hawala | www.mhawala.af |
| 3 | Afghan Wireless Communication Company - My-Money | www.mymoney.af |
| 4 | ATOMA Pay | www.atoma.com.af |
| 5 | Zanzir - HesabPay | www.hesab.com |
| 6 | Aurum AFG | www.aurumaf.com |
| 7 | Setaragan mutahed Electronic money institution | www.starpay.af |