E-money can refer to monetary value "electronically stored in an instrument or device" - including cash cards, prepaid cards, stored value cards or digital wallets.
March 15, 2022EMI licence applications received from non-bank institutions will be processed until 15 December on a first-come, first-served basis.
November 23, 2021The exposure draft proposes to impose additional requirements including on capital for e-money issuers that have "substantial market presence".
June 15, 2021The revisions are aimed at addressing identified gaps and aligning the framework with FATF guidance for regulating VASPs.
September 30, 2020