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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
Clearing participants in the upcoming PESONet Multiple Batch Settlement (MBS) digital payment streams must have the necessary operational and liquidity risk management measures in place to ensure there will be no prefunding issues, said the central bank in a draft circular. 54051 The Bangko Sent
The Bangko Sentral ng Pilipinas and the payment systems sector to introduce initiatives that are set to promote payments digitalization.