The Bangko Sentral ng Pilipinas (BSP) said its Project Agila pilot has shown that a distributed ledger-based wholesale central bank digital currency (wCBDC) platform can support interbank fund transfers beyond normal business hours, giving the central bank an early technical basis for using tokenized money in large-value payments.
The BSP said the amendments were prompted in part by the results of its Consumer Expectations Survey for the fourth quarter of 2025, which found that one in three Filipino consumers cited high transaction fees as a major barrier to using digital payments more frequently.
Users of digital banking services are expected to receive stronger protection against fraud and unauthorized account access as banks and e-wallet operators implement enhanced authentication measures required by the Bangko Sentral ng Pilipinas (BSP).
According to the DICT, the Pasig Mega Market is the first public market in the city equipped with its Free Public Wi-Fi service under the Paleng-QR Ph Plus initiative. The agency installed one Starlink satellite Internet unit and four wireless access points at the market.
BlockShoals Technologies said it has selected a Bangko Sentral ng Pilipinas (BSP)-accredited Virtual Asset Service Provider (VASP) and is completing due diligence before beginning onboarding and system integration, a move the company said was already required under its Securities and Exchange Commission (SEC)-approved testing framework.
More Filipino adults now own formal financial accounts, with e-money accounts emerging as the main driver of growth, according to the latest survey conducted by Social Weather Stations for the Bangko Sentral ng Pilipinas (BSP).
Cybersecurity firm Kaspersky said Philippine banks should use the Bangko Sentral ng Pilipinas (BSP)’s new cybersecurity self-assessment requirement to address weaknesses in their systems instead of treating it as a compliance exercise.
The Bangko Sentral ng Pilipinas (BSP) has again warned the public against transacting with unauthorized virtual asset service providers (VASPs), saying users risk losing funds and may have limited legal remedies in case of fraud or operational failures.
Under the partnership, space-derived information will be used to assess disaster impacts, evaluate environmental threats, and analyze their potential effects on inflation, financial stability, and economic resilience.
