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Friday, 19 September 2025

5 hours ago

BSP’s P500,000 daily withdrawal cap may disrupt cash-reliant firms

By: Daxim L. Lucas

While the BSP’s move would likely target anti-money laundering and fraud risk management, the unintended consequence is a liquidity squeeze on cash-reliant but legitimate businesses. Unless paired with robust digital payment alternatives and financial inclusion measures, the cap risks disrupting day-to-day commerce, particularly outside Metro Manila.

BSP: Extra scrutiny for cash withdrawals beyond P500,000 daily cap

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