SEC-registered platform welcomes strengthened standards following lifting of online lending moratorium
MANILA, Philippines — As the Philippines moves toward a more structured digital lending environment, MocaMoca is positioning regulatory compliance and consumer protection as key foundations for sustainable industry growth.
Operated by Copperstone Lending Inc., MocaMoca continues to hold active registration with the Securities and Exchange Commission (SEC) and remains legally authorized to operate as a financing and lending company, subject to continued compliance with the country’s regulatory framework.
The confirmation comes following the implementation of Memorandum Circular No. 20 (MC 20), Series of 2026.
Issued July 7 and effective August 1, the new memorandum lifts the SEC’s nearly five-year moratorium on new online lending platforms and establishes stricter standards for financing and lending companies.
These include enhanced requirements related to disclosure, prudential safeguards and market conduct.
The SEC has emphasized the importance of raising standards across the sector. SEC Chairperson Francis Lim said the Commission would “not tolerate the proliferation of predatory and unfair lending practices,” while seeking to ensure that “legitimate businesses and Filipino consumers can thrive.”
For MocaMoca, several of the practices reinforced by the new framework are already part of its lending model.
Borrowers receive upfront disclosure of fees and the total cost of borrowing before confirming a loan. The platform also uses a fully digital verification process based on a single valid government-issued ID to help reduce fraudulent or duplicate accounts.
Its collection practices follow fair-conduct standards consistent with the Truth in Lending Act, while the company continues to participate in industry discussions with organizations such as the Fintech Philippines Association.
“Our legal standing with the SEC reflects the same discipline we’ve built into MocaMoca from day one. And the new SEC rule formalizes much of what we were already practicing, and we see it as a validation of the direction that the industry needs to move in,” said David Balamon, CEO of Copperstone Lending Inc.
The SEC has also reminded the public to report unfair lending practices and remain vigilant when dealing with lending providers.
MocaMoca supports these measures as the digital lending industry moves toward stronger standards for transparency, accountability and consumer protection.