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 BSP's decision to lift the moratorium aims to promote digital payments, enhance financial inclusion, and foster innovation that could serve a wider segment of the market," BSP Deputy Governor Mamerto Tangonan noted in a statement.
