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 Notícia

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.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 2. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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.
Fonte: TheManilaTimes - 🏆 2. / 92 Consulte Mais informação »