A city legislator has urged all local banks to allow persons with disabilities (PWD) to open an account after it was reported that a group of visually-impaired persons were unable to remit their government contributions through a small lender.
BSP governor Nestor Espenilla has raised the possibility of linking instant payment networks within member states of the Asean to enable cross-border payments, following the launch of the country's second automated clearing house called InstaPay.
The Bangko Sentral ng Pilipinas (BSP) is keen on requiring entities applying for licenses as electronic money issuers (EMI) to also apply for a license as a crypto or virtual currency (VC) exchange.
The Bangko Sentral ng Pilipinas has tapped PayMaya Philippines and other e-money issuers to equip merchants selling within its headquarters in Manila with digital payment touch points.
Cash machines remain antiquated and prone to fraud because the Bangko Sentral ng Pilipinas (BSP) is taking time to allow banks to raise fees for upgrades.
Recognizing the power of social media, the Bangko Sentral ng Pilipinas (BSP) has released new guidelines on social media which local banks must observe to avoid or mitigate various types of risks.
