The number of Personal Equity and Retirement Account (PERA) contributors almost tripled two years after the Bangko Sentral ng Pilipinas (BSP) launched the Digital PERA in September 2020.
The approved guidelines set out the supervisory expectations of the Bangko Sentral ng Pilipinas with regard to corporate and risk governance of digital banks as well as the applicable prudential regulations on capital, leverage, and liquidity.
Recently launched in Baguio City, Paleng-QR PH promotes the digitalization of transactions by market vendors, shopkeepers, and tricycle drivers across the country through QR PH, the Philippine standard for using quick response (QR) technology for e-payments.
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.
