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Banks’ interbank high-value payment transactions via the central bank’s real time gross settlement (RTGS) system will be charged with the same pre-pandemic fees ranging from P5 to P400 beginning on Feb. 1. With the resumption of fees, financial consumers using electronic payment services such as I
The Bangko Sentral ng Pilipinas (BSP) has approved the rules and guidelines on the batch settlement of electronic payments (e-payments) and the new provisions for Clearing Switch Operators (CSOs) of the automated clearing houses (ACH), InstaPay and PESONet. These key provisions include requirin