Status: DRAFT — pending legal review. Registration details below are placeholders.

Compliance

Last updated: TBD — pending review.

NexusPay is operated by Innovate Hub PH. We are committed to operating in full compliance with Philippine financial-services regulation.

Regulatory registrations

  • BSP licensing: Pending — currently in EMI sandbox engagement.
  • National Privacy Commission (NPC): Registration in progress.
  • Anti-Money Laundering Council (AMLC): Reporting institution onboarding.
  • SEC: Innovate Hub PH is a duly registered corporation.

Applicable frameworks

  • BSP Manual of Regulations for Banks (MORB) — relevant chapters on payment systems and EMI.
  • BSP Circular No. 1089 (Risk Management Guidelines for IT Outsourcing).
  • Anti-Money Laundering Act (RA 9160, as amended).
  • Data Privacy Act of 2012 (RA 10173).
  • National Payment Systems Act (RA 11127).

AMLA & financial-crime program

We operate a risk-based AML program covering customer due diligence (CDD), enhanced due diligence for higher-risk merchants, ongoing transaction monitoring, sanctions screening against OFAC, UN, and AMLC lists, suspicious-transaction reporting, and a five-year record-retention policy.

KYB onboarding

Every merchant completes a Know-Your-Business onboarding flow before being allowed to accept live payments. We collect SEC/DTI registration documents, beneficial-ownership information, government-issued identification of authorised signatories, and a description of the business model.

Audit and assurance

Internal audit reviews are conducted quarterly. External audits are scheduled annually once we move out of sandbox.

Contact

Compliance Officer — [email protected].