The Bangko Sentral ng Pilipinas (BSP) said the combined value of PesoNet and InstaPay transactions went beyond P5.37 trillion during the first seven months of 2022, a 43-percent increase from the values recorded during the same period last year.
The BSP said it recently completed the Advanced SupTech Engine for Risk-Based Compliance (ASTERisC*), which will soon be deployed among selected BSP Supervised Financial Institutions (BSFIs).
The Bangko Sentral ng Pilipinas (BSP) recently issued Certificates of Authority (COA) to Operate to two additional banks, allowing them to proceed with full operations as digital banks.
The Bangko Sentral ng Pilipinas (BSP) has cautioned the public against dealing with virtual asset service providers (VASPs) that are unregistered or those that...
The BSP, PhilSA, and DOST-ASTI recently kicked off the test deployment of satellite Internet service provider iOne Resources Inc. at the Progressive Bank of Malvar and Rural Bank of Cuenca.
The bank’s removal of clickable links in all forms of communications is in support of a BSP memorandum, which contained recommended control measures against cyber fraud and attacks on retail electronic payments and financial services.
The Bangko Sentral ng Pilipinas (BSP) has warned the public to be vigilant against fraud perpetrated through unsolicited emails or text messages with links that redirect the mobile user to highly suspicious websites.
The value of digital payments in the country, meanwhile, represented 44.1 percent of total retail payments in 2021, up from the 26.8 percent recorded a year earlier.
The BSP urged banks instead to personalize SMS messages and emails for banking services and implement mandatory notifications for fund transfers exceeding a predefined amount.
