Monday, June 17, 2024
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Ben Diokno

Pre-pandemic groundwork proves crucial in digital payments use: BSP

Much of these initiatives were implemented or initiated under the late BSP governor Nestor Espenilla, who vigorously pushed for the adoption of digital payment systems such as e-wallets and online banking.

BSP, payments industry to unveil QR standard for person-to-merchant

The BSP and payments industry are also collaborating on implementing the PesoNet Multiple Batch Settlement (MBS) by year end; establishing an interoperable bills payment facility by early 2022; and rolling out the request-to-pay facility by Q2 2022.

Digitalization provided lift to Pinoys during pandemic, says BSP

Digitalization has benefited Filipinos especially during the pandemic, Bangko Sentral ng Pilipinas (BSP) governor Benjamin Diokno said on Friday, Feb. 19. In his speech during...

Financial crimes soared during pandemic, says BSP

BSP governor Benjamin Diokno said the common crimes committed included fraudulent card usage and unauthorized or disputed transactions due to phishing e-mails and stolen one-time password (OTP).

BSP issues guidelines on virtual currency operators

The new framework expanded the activities subject to the licensing regime of the BSP from initially covering those involved in facilitating the exchange of virtual currencies.

BSP approves licensing regulations for digital banks in PH

The Bangko Sentral ng Pilipinas (BSP) has approved the recognition of digital bank as a new bank category that is separate and distinct from existing bank classifications.

BSP eyes multiple daily PesoNet transactions clearing

BSP governor Benjamin Diokno said that if the multiple daily clearing of PesoNet transactions works smoothly, then the central bank will allow clearing for these transactions on weekends and holidays.

Cybercrimes against banks rampant during early days of quarantine: BSP

Online crimes and threats were prevalent during the earlier days of the community quarantine but these were sufficiently addressed by local banks and other financial institutions, the Bangko Sentral ng Pilipinas (BSP) said.

Cap on credit card charges takes effect; BSP issues FAQs

Bangko Sentral ng Pilipinas (BSP) governor Benjamin E. Diokno reminded the public that the ceilings on interest rate, finance charges, and fees on all credit card transactions took effect on Tuesday, Nov. 3.

Local firms told: Shift to e-payment will bring economic growth to PH

Government officials and private sector leaders said during an online forum on Wednesday, October 28, that shifting to digital payments will bring economic growth and create a more inclusive Philippines.
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