The Bangko Sentral ng Pilipinas (BSP) has approved the guidelines that will facilitate the full transition of all quick response (QR) code-enabled payments services to the National QR Code Standard or “QR PH.”
Meanwhile, Pasig City has become the first local government unit in the National Capital Region and the sixth in the Philippines to launch the Paleng-QR PH Plus program.
The Bangko Sentral ng Pilipinas (BSP) has amended the Guidelines on Electronic Money (E-money) and the Operations of Electronic Money Issuers (EMI) in the Philippines amid increasing IT-related risks and to better protect the interests of e-money account holders.
Tagbilaran City has joined a growing roster of LGUs that are implementing “Paleng-QR Ph Plus,” a nationwide program that promotes digital payments in public markets, tricycle hubs, and other establishments.
E-wallet provider and crypto exchange platform Coins.ph announced on Tuesday, Dec. 13, that the Bangko Sentral ng Pilipinas (BSP) has granted it an Advanced Electronic Payment and Financial Services (EPFS) license covering the operation of the Coins Pro exchange.
The number of Personal Equity and Retirement Account (PERA) contributors almost tripled two years after the Bangko Sentral ng Pilipinas (BSP) launched the Digital PERA in September 2020.
The approved guidelines set out the supervisory expectations of the Bangko Sentral ng Pilipinas with regard to corporate and risk governance of digital banks as well as the applicable prudential regulations on capital, leverage, and liquidity.
Recently launched in Baguio City, Paleng-QR PH promotes the digitalization of transactions by market vendors, shopkeepers, and tricycle drivers across the country through QR PH, the Philippine standard for using quick response (QR) technology for e-payments.
