Thanks genjix - these updates are very much appreciated.

Just a quick question - would you have any objection to users making cash deposits at bank branches? I could understand you objecting to this (although there is nothing to stop people trying anyway) just in case the reference number was not captured/entered correctly by the teller at the time of deposit.

What are the regulated activities?

Specified activities are defined in Part II of the RAO and comprise:

    accepting deposits;
    issuing e-money;