THE Bangko Sentral ng Pilipinas (BSP) has enhanced its Intraday Settlement Facility (ISF) by automating the crediting of funds backed by eligible securities to speed up transactions by cutting ...
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Interoperable auto-debit system set for launch in 2026
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) will roll out a direct debit facility this year, a long-planned ...
The Bangko Sentral ng Pilipinas (BSP) is entering a new era of regulatory reporting with the full implementation of its International Transactions Reporting System (ITRS) currently slated for June 2, ...
Las Pinas, Metro Manila, Philippines – Sept 13, 2023: Inside the teller area of a BPI Savings Bank branch. TOTAL resources held by the Philippine financial system increased 6.54 percent in September ...
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BSP pushes tougher rules to bolster payment system
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has proposed amendments to incident management rules and updated business continuity procedures for participants in the Peso Real-Time Gross ...
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BSP pushes for 24/7 digital payments system
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has urged the country’s payment system players to help build a round-the-clock digital payments network, one designed to move money in real ...
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