Philippines central bank weighs moratorium on new payment operator licenses
Bangko Sentral ng Pilipinas is weighing a temporary moratorium on new Operator of Payment Systems licenses, as part of efforts to strengthen compliance standards and improve licensing and oversight for payment operators and virtual asset service providers.
Bangko Sentral ng Pilipinas is weighing a temporary moratorium on new Operator of Payment Systems licenses as part of a broader effort to tighten compliance standards for payment operators and virtual asset service providers. The policy update targets licensing and oversight. It should not be treated as a change in the headline item's status.