The Bangko Sentral ng Pilipinas (BSP) and Philippine Payments Management Inc. (PPMI) have launched three interoperable payment services covering recurring bills, account funding, and higher-value business transfers.
The Bangko Sentral ng Pilipinas (BSP) has urged banks and other supervised financial institutions to strengthen their cybersecurity controls as advanced artificial intelligence systems make cyberattacks faster, more adaptive, and easier to scale.
The Bangko Sentral ng Pilipinas (BSP) and the Department of Justice (DOJ) have signed an information-sharing agreement aimed at speeding up the investigation and prosecution of financial account scams.
The Bangko Sentral ng Pilipinas (BSP) has issued governance principles for the use of artificial intelligence by banks and other BSP-supervised financial institutions (BSFIs), setting minimum supervisory expectations for managing the technology’s risks.
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).
