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Title
What is BSP Circular 649, Section 4 Item A?
Body
Electronic money (E-money) instruments issued shall be subject to a consolidated monthly load limit of one hundred thousand pesos (Php100,000.00) unless a higher amount has been approved by the BSP. In case an electronic money issuer (EMI) issues several e-money instruments to a person (e-money holder), the total amount loaded in all the e-money instruments shall be consolidated in determining compliance with the consolidated monthly load limit.