News Formal

Moratorium on e-money companies lifted by BSP

  • 📰 TheManilaTimes
  • ⏱ Reading Time:
  • 24 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 92%

Moratorium Nieuws

On,E-Money,Companies

THE Bangko Sentral ng Pilipinas (BSP), through Monetary Board Resolution 1400 on Dec. 5, 2024, lifted the moratorium on new Electronic Money Issuers from Non-Bank Financial Institutions (EMI-NBFIs) to boost digital payments and expand financial services to underserved communities nationwide.

THE Bangko Sentral ng Pilipinas , through Monetary Board Resolution 1400 on Dec. 5, 2024, lifted the moratorium on new Electronic Money Issuers from Non-Bank Financial Institutions to boost digital payments and expand financial services to underserved communities nationwide.

Applications must also detail innovative business models, target unserved or niche markets, and leverage new technologies.'Applicants must meet the standard licensing criteria, which include an assessment on the transparency of the ownership and control structure, suitability of shareholders, fitness and propriety of directors and senior management, adequacy of capital, and presence of appropriate risk management system,' Tangonan explained.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 2. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Fed, Bangko Sentral rate cuts could boost marketBARGAIN hunting could snap the stock market out of a three-day decline ahead of monetary policy decisions due later this week, analysts said.
Bron: TheManilaTimes - 🏆 2. / 92 Lees verder »