The BSP and CDA have signed a MOA on the collaborative oversight and supervision of cooperatives that are electronic money issuers and operators of payment systems, including those that deploy ATMs.
ADDRESSING oversight in functions between the Bangko Sentral ng Pilipinas (BSP) and the Cooperative Development Authority (CDA) can make cooperatives a powerful tool for growth and financial inclusion, according to the central bank. During the signing of the Memorandum of Agreement (MOA) on Cooperative Oversight Arrangement between BSP and CDA last Wednesday, central bank Governor
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