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News and Events

PH Gov't Fees, Charges and Taxes Will Soon Be Payable Through Digital Means, says BSP

Move is part of monetary regulator's plan to digitize a fifth of the country's transactions by 2020

At a media briefing on the progress of PESONet, an automated clearinghouse under the BSP. From left: John Cary Ong, SVP of UnionBank; Dan Ibarra, managing director of BTI Payments; Justo Ortiz, chairman of Philippine Payments Management Inc.; Nestor Espenilla Jr., governor ...

by Lorenzo Kyle Subido  | August 08, 2018 04:00:00
News and Events

Unsure of Digital Payments? BSP Creates New Unit to Better Regulate Fintech Services

The Financial Technology Sub-Sector is also in charge of rolling out the national payment system

The Bangko Sentral ng Pilipinas (BSP) has created the Financial Technology Sub-Sector (FTSS), a unit in charge of overseeing the BSP’s digital payments programs as well as regulating registered financial institutions that offer electronic products and services.“A new subsector within the Financial ...

by Lorenzo Kyle Subido  | August 06, 2018 09:00:00
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How PH banking will look like in 2020

It looks like a rough path to e-payment, as to date, only 1% of all transactions done in the country are considered digital.

With the onslaught of Bitcoin and online shopping, banking and financial institutions are forced to keep up as the consumers’ habits rapidly change with the times.Bangko Sentral ng Pilipinas (BSP) is not turning a blind eye on these realities, in fact, they ...

by Elyssa Christine Lopez  | May 25, 2016 11:00:00
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