Guidelines for issuing Prepaid Instruments (PI) by non-payment system entities, 2024

PSD Circular No. 06/2024
Advanced technology, including artificial intelligence, is used to assess loan eligibility based on global customer data, enhancing financial inclusion and modern credit risk assessment. BB has formulated guidelines under its regulatory powers to establish and regulate credit bureaus, aiming to improve credit standards and reduce lending risks, with details available on its website for stakeholder’s reference.