Sunday, April 21, 2024
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BSP says 50% of retail payments in PH now in digital format

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.

BSP, payments industry to unveil QR standard for person-to-merchant

The BSP and payments industry are also collaborating on implementing the PesoNet Multiple Batch Settlement (MBS) by year end; establishing an interoperable bills payment facility by early 2022; and rolling out the request-to-pay facility by Q2 2022.

BSP says it will pursue digitalization push for post-Covid economy

Towards this end, the Bangko Sentral ng Pilipinas launched the Digital Payments Transformation Roadmap (DPTR) for 2020-2023 last year.

After getting unicorn status, Xendit firms up presence in PH

Digital payment firm Xendit has signed up new partners in the Philippines in a bid to expand its operations in the country after raising $150 million Series C funding that elevated the company to a short-list of Southeast Asia unicorns.
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