Regulatory Alerts2026-07-17
Added · Updated
Guidelines on the Registration of OPS
The document mandates the electronic submission of all documentary requirements for the registration of Operators of Payment Systems (OPS) via email to the Payments Supervision and Licensing Department, superseding previous memorandum M-2019-023. It establishes a three-phase evaluation process and prescribes specific subject line formats and file submission standards, requiring a three-month cooling-off period for re-filing after a returned, denied, or withdrawn application. A one-time non-refundable registration fee of Php 20,000 is required for the Certificate of Registration, with exemptions granted to Banks and Electronic Money Issuer-Non-Bank Financial Institutions.