The Credit Card Association of the Philippines (CCAP) teamed up with the Bangko Sentral ng Pilipinas (BSP) to raise consumer awareness on the responsible use of credit cards and promote credit card literacy.
The partnership was formalized through the signing of a memorandum of agreement (MOA) on Aug. 5, 2024 at the BSP Manila head office and timed during the launch of the BSP’s Innovative Financial Education Programs.
Under the MOA, the BSP and CCAP will jointly craft a credit card e-learning course and provide learning resources that will be made accessible to the public through the BSP E-Learning Academy (BELA), an online platform on personal finance, economics and central banking courses.
BELA is expected to be fully accessible to the public by the second quarter of 2025, according to the BSP.
CCAP has led a continuous campaign to enhance credit card literacy. This includes releasing educational materials in print and social media, conducting seminars at major colleges and universities in Metro Manila and hosting webinars for both private and public sector employees.
