Banks warned vs unauthorized e-money deals

Bangko Sentral ng Pilipinas MANILA, Philippines – The Bangko Sentral ng Pilipinas has warned banks and other regulated financial institutions against allowing unlicensed partners to provide

sabato 27 giugno 2026 New tab

331 words~2 min read

Bangko Sentral ng Pilipinas

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 or entity to conduct—or appear to conduct—regulated e-money activities without the central bank’s approval.

READ: BSP eyes tighter liquidity, recovery rules for e-money issuers

Article continues after this advertisement

Other newsrooms on this story

· 1 sources

Full timeline →

rappler.com·Jun 26, 2026 · 12 g fa
Bangko Sentral gives banks relief on paper losses. But does this just push risk out of sight?

Banks warned vs unauthorized e-money deals

Other newsrooms on this story

Banks warned vs unauthorized e-money deals

Other newsrooms on this story

Related reading

BSP warns of sanctions vs banks, e-wallets that fail to lower transfer fees

BSP requires deeper vetting of digi assets

Bangko Sentral ng Pilipinas bars VASPs from listing privacy tokens

BSP directs financial firms to do cyber self-checks

BSP warns banks against using FX hedges for peso speculation

SEC warns vs ‘Supreme Money’ quacks

Related reading

BSP warns of sanctions vs banks, e-wallets that fail to lower transfer fees

BSP requires deeper vetting of digi assets

Bangko Sentral ng Pilipinas bars VASPs from listing privacy tokens

BSP directs financial firms to do cyber self-checks

BSP warns banks against using FX hedges for peso speculation

SEC warns vs ‘Supreme Money’ quacks