Friday, 6 June 2025
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.
Advertisement
