The regulator has made available a draft joint circular on the proposed guidelines. Industry players may submit their feedback on the draft rules until Nov. 15.
The BSP said that cooperatives could effectively contribute to the digitalization of payments and financial inclusion given their presence in municipalities and cities in the Philippines.
Therefore, the BSP and the CDA signed a memorandum of agreement (MOA) on Oct. 18 to improve collaborative oversight and supervision of covered cooperatives. These are cooperatives that are licensed as an e-money issuer or registered as an operator of payment systems (OPS).
Denne historien er fra November 11, 2024-utgaven av The Philippine Star.
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Denne historien er fra November 11, 2024-utgaven av The Philippine Star.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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