An Act Enabling Banks to Expand Service Delivery Channels Through Cash Agents and Providing Guidelines Therefor
The Expanded Banking Services Act would let banks work with non‑bank outlets such as convenience stores or e‑wallet platforms to offer basic banking services in remote parts of the Philippines. It sets eligibility rules, fast‑track approvals, and gives agents free training and quicker permits, while making banks ultimately responsible for the agents’ actions.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/SBN-1806. Status changes over time; check the link for the latest.
SBN-1806 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.