Regulatory Alerts2026-06-24
Arrangements Involving Regulated Electronic Money Activities
The Bangko Sentral ng Pilipinas mandates that all supervised financial institutions offering electronic money services ensure their partnerships, outsourcing, and platform arrangements do not enable unapproved entities to conduct regulated e-money activities without BSP authority. These structures must align with the National Payment Systems Act and applicable regulations governing governance, risk management, customer fund safeguarding, and consumer protection while keeping the authorized entity fully accountable for compliance. Any breach of these requirements or licensing terms will subject the institutions and their responsible officers to supervisory oversight and applicable enforcement sanctions.
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