Friday, 5 September 2025
1 day ago
BAP renews Citi, PCHC partnership for stable dollar transfer, payment systems
The Bankers Association of the Philippines (BAP) has renewed its strategic engagement with Citi Philippines and the Philippine Clearing House Corp.(PCHC) to ensure the continued operation and enhancement of the Philippine Domestic Dollar Transfer System (PDDTS) and the Payment-versus-Payment (PvP) System.
13 Aug 2024
1:50PM
BSP tightens payment operator rules, orders licensing, sets minimum capital
The central bank on Tuesday released new rules for electronic payment system operators, requiring them to register with the financial regulator as well as holding them to more stringent standards for settlement, and anti-money laundering, among others.
2 Jul 2024
7:40AM
Coming soon: fast, easy, cheap payments between the Philippines, Singapore, Malaysia, Thailand, India
The Bangko Sentral ng Pilipinas and the Bank for International Settlements, in collaboration with other central banks, have successfully completed the comprehensive blueprint for phase three of Project Nexus — an ambitious program that aims to seamlessly connect instant payment systems (IPS) across multiple countries.
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