Latest Breaking News On - Philippine payment - Page 2 : vimarsana.com

Over 100 rural banks now folded into PhilPASSPlus, says Diokno

BANGKO Sentral ng Pilipinas (BSP) Governor Benjamin Diokno announced on Thursday that they have successfully onboarded more than a hundred rural banks into the country’s real-time gross settlement system as of end-February this year.  The governor said the number of rural banks participating in the new generation Philippine Payment and…

No PhilPaSSplus fees until end-2022 — BSP – Manila Bulletin

The Bangko Sentral ng Pilipinas (BSP) is extending the waiver of fees on fund transfers for users of its Philippine Payment and Settlement System Plus (PhilPaSSplus) until end December 2022. PhilPaSSplus fees were temporarily cancelled since April 2020 as part of BSP’s time-bound relief measures to

Multiple batch settlements for PESONet transactions launched

Consumers now have two cut-offs for sending money via the online transfer service 10 a.m. and 4 p.m. allowing recipients to receive fund transfers during the day.

Multiple batch settlements for PESONet transactions launched

Consumers now have two cut-offs for sending money via the online transfer service 10 a.m. and 4 p.m. allowing recipients to receive fund transfers during the day.

BSP extends waiver of fees for PhilPass +

BSP extends waiver on fees for PhilPaSS Plus - BusinessWorld Online

BSP cites role of RTGS in payment system – Manila Bulletin

The Bangko Sentral ng Pilipinas (BSP) has identified the Philippine Peso Real-Time Gross Settlement (PhP-RTGS) payment system, which it owns and operates, as a systemically important payment system (SIPS). This means the PhP-RTGS as SIPS is a payment system “which poses or has the potential to pose

DBP tapped as conduit for distributing Agriculture dep't aid

Philippines testing a new payments framework

Philippines testing a new payments framework Tuesday 18 May 2021 11:42 CET | News Bangko Sentral ng Pilipinas (BSP) and other partners in Philippines are testing a new payments framework called PhilPaSSplus. As the country’s chief financial regulator says, the Philippine economy can expect to see faster, more efficient, and safer transactions and money transfers once an improved payments framework is adopted fully by the central bank and its private sector partners. An industry-wide rehearsal is now in full swing for the live run of the new peso real-time gross settlement (RTGS) platform of the next-generation Philippine Payment and Settlement System. The completion of the project’s user acceptance test by the BSP in the first quarter of 2021 kicked off the market rehearsal where key functionalities of PhilPaSSplus were being tested by banks and other participating institutions prior to implementation.

BSP's real time settlement platform to ensure safer flow of funds – Manila Bulletin

Published May 12, 2021, 5:36 PM The central bank’s new peso real-time gross settlement (RTGS) platform of the next-generation Philippine Payment and Settlement System (PhilPaSSplus) – which is expected to go live by June this year – will pave the way for a more efficient and safer flow of funds, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. Diokno announced on Wednesday, May 11, that testing for the PhilPaSSplus has started in the first half of the year. “In the first quarter of 2021, the BSP completed its ‘User Acceptance Test’ and kicked off the industry-wide market rehearsal which will conclude in June 2021. The outcome of the market rehearsal is key to determining if the system will go live in June this year,” he said during his virtual press briefing.