BSP Allows More Nonbank E-Money Issuers to Operate and Boost Digital Payments

The Bangko Sentral ng Pilipinas (BSP) has lifted its moratorium on issuing electronic money (e-money) licenses to nonbank financial institutions. This move, announced last December 16, 2024, is expected to accelerate digital payment adoption, increase competition, and enhance financial inclusion in the Philippines. Why BSP Lifted the Moratorium on E-Money Issuers In November 2021, the […]