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Steve Abraham and Danielle Cojuangco Abraham, co-founders of Zed welcome the certificate of authority given by the Bangko Sentral ng Pilipinas to operate as a standalone credit card issuer.Zed, a credit-led neobank, said Wednesday it received a certificate of authority to operate as a standalone credit card issuer from the Bangko Sentral ng Pilipinas .
After operating in a BSP-sanctioned pilot for the last 6 months, the Zed Card is rolling out to the public on an invite-only basis, starting with its waitlist. “We’re overwhelmed by the excitement for Zed and the number of signups we’ve received. Given the significant demand, it will take some time for us to open up spots for all 40,000 individuals on the waitlist. Rest assured, we’re already sending out invitations and will get to everyone that’s signed up. Our priority is onboarding new users at a pace where we can ensure a stellar experience for every Zed customer, so hang tight,” said Cojuangco Abraham.
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