Banks warned vs unauthorized e-money deals

MANILA, Philippines – The Bangko Sentral ng Pilipinas has warned banks and other regulated financial institutions against allowing unlicensed partners to provide electronic money (e-money) services, tightening oversight to ensure only authorized entities conduct regulated e-money activities. Under Memorandum No. M-2026-030, the BSP said licensed e-money issuers must not enter into arrangements that allow another person […]... Keep on reading: Banks warned vs unauthorized e-money deals