BSP extends ban on e-money licenses for another year
The Bangko Sentral ng Pilipinas (BSP) has extended the ban on e-money licenses until Dec. 15, 2024, as announced toward the end of last year. However, the BSP also stated…
BSP revises guidelines on operations of e-money
Citing protecting customers from IT-related risks, the Bangko Sentral ng Pilipinas (BSP) has announced the changes in the electronic money (e-money) operations in the Philippines. In a media advisory, the…
Cebuana Lhuillier teams up with AI company Element to boost use of e-money in PH
Element Inc., the privacy-led, modern AI (artificial intelligence) pioneer in digital identity services, announced its partnership with Cebuana Lhuillier, a micro-financial services provider in the Philippines, to provide electronic Know-Your-Customer…
Banks, e-money providers urged to help consumers transition to e-payments
The Philippine Payments Management Inc. (PPMI) urged its members to continue helping consumers use online and mobile banking amid the continuing quarantines caused by the COVID-19 pandemic. “Banking should be…
e-Money industry supports BSP call to shift from cash to digital payments amid COVID-19
The Electronic Money (e-Money) industry supports the call of the Bangko Sentral ng Pilipinas (BSP) to shift from cash to digital, where possible, in light of the novel coronavirus (COVID-19)…
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