The Bangko Sentral ng Pilipinas (BSP) said it is bullish on the sustained rise of digital payment technologies in the country, saying that 50 percent of retail payments are now in digital format.
The Bangko Sentral ng Pilipinas (BSP) has onboarded OmniPay to the roster of financial institutions that settle high-value transactions through the BSP-owned and operated PhilPaSSplus.
The Bangko Sentral ng Pilipinas (BSP) has extended for another year or until Dec. 15, 2024 the moratorium on the entry of new electronic money issuer-non-bank financial institutions (EMI-NBFIs).
After canceling the registration of Bexpress Inc. as a virtual asset service provider (VASP), the Bangko Sentral ng Pilipinas (BSP) has announced it has also annulled the VASP license of Coinville Philippines.
The Bangko Sentral ng Pilipinas (BSP) said it has selected Hyperledger Fabric as its distributed ledger technology (DLT) for its Central Bank Digital Currency (CBDC) pilot project: Project Agila, formerly known as Project CBDCPh.
The new rules set out the requirements for the use of digital identification and verification as part of the customer onboarding process of BSP-supervised financial institutions (BSFIs).
The Bangko Sentral ng Pilipinas (BSP) has approved the guidelines that will facilitate the full transition of all quick response (QR) code-enabled payments services to the National QR Code Standard or “QR PH.”
Meanwhile, Pasig City has become the first local government unit in the National Capital Region and the sixth in the Philippines to launch the Paleng-QR PH Plus program.
