Amendments to Regulations on Electronic Banking Services and other Electronic Operations, Office of the Governor Circular No. 1033, Series of 2019 (Philippines)
Electronic Payment and Financial Services (EPFS) are products or services offered by Bangko Sentral-Supervised Financial Institutions (BSFIs) to enable customers to conduct financial transactions and services through an electronic device and electronically access information of their transaction accounts. EPFS are further categorized into basic EPFS or advanced EPFS. BSFIs are required to secure an appropriate authority/license before it can offer EPFS. The Circular also attaches the guidelines on licensing of EPFS.