Tuesday, July 23, 2024
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BSP extends entry ban for new non-bank e-money players

The Bangko Sentral ng Pilipinas (BSP) has extended for another year or until Dec. 15, 2024 the moratorium on the entry of new electronic money issuer-non-bank financial institutions (EMI-NBFIs).

House bills on digital payments, use of e-money hurdle committee level

The House Committee on Banks and Financial Intermediaries chaired by Manila representative Irwin Tieng approved on Tuesday, Feb. 14, two bills seeking to promote the adoption of digital payments for financial transactions.

BSP hikes capital, liquidity requirements for e-money operators

The Bangko Sentral ng Pilipinas (BSP) has amended the Guidelines on Electronic Money (E-money) and the Operations of Electronic Money Issuers (EMI) in the Philippines amid increasing IT-related risks and to better protect the interests of e-money account holders.

BSP grants e-money license for Bayad mobile app

The Electronic Money Issuer (EMI) license from the Bangko Sentral ng Pilipinas (BSP) authorizes Bayad to deliver e-wallet services through its newly revamped mobile app.

Study shows PH lagging in e-money market in SE Asia

E-money payments in Southeast Asia, excluding the Philippines, grew to $26 billion in 2019 from $15 billion in 2018, according to S&P Global Market Intelligence’s latest Southeast Asia E-Money Market Report.

BSP to tighten licensing for e-money, cryptocurrency firms

The Bangko Sentral ng Pilipinas (BSP) is keen on requiring entities applying for licenses as electronic money issuers (EMI) to also apply for a license as a crypto or virtual currency (VC) exchange.
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