Compliance and Licenses
Upholding standards that are regulated
Building trust in a secure environment
At DA5, compliance and adherence to industry regulations are of paramount importance. Our Compliance and Licenses section outlines our commitment to maintaining the highest ethical standards and meeting legal and regulated requirements. Learn about our certifications, licenses, and compliance programs that ensure we operate responsibly, protect data privacy, and maintain the trust of our consumers and partners. Rest assured that we take compliance seriously to build a secure and trustworthy business environment in remittance and fintech.
The Remittance Agent License is issued by the BSP. It allows entities or individuals in the Philippines to work as intermediaries for licensed remittance service providers. With this license, they can offer remittance services on behalf of the provider, ensuring compliance with regulations and facilitating the collection and forwarding of remittances. To obtain this license, specific criteria and compliance with BSP guidelines are required. It plays a crucial role in operating within the regulatory framework and protecting customers’ interests. For accurate information on obtaining the Remittance Agent License, it is advisable to consult the BSP or seek professional advice.
The FX license is issued by the BSP to entities involved in foreign exchange transactions. It allows them to provide foreign exchange services to customers by buying, selling, or exchanging foreign currencies.
The EMI license is granted by the BSP to companies that want to issue electronic money or operate e-wallets. It enables them to offer digital payment services like electronic transfers, payments, and storing electronic value.
The VASP license is a new license introduced by the BSP to regulate entities involved in virtual asset activities. This includes virtual currency exchanges, digital wallet providers, and other platforms facilitating virtual asset transactions. It ensures compliance with anti-money laundering and counter-terrorism financing regulations.
The EPFS license allows entities to offer payment services other than e-money issuance. This can include remittances, bill payments, and merchant acquiring. It permits the licensee to provide non-traditional payment services using electronic products and technologies.