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THE Bangko Sentral ng Pilipinas (BSP) has extended indefinitely the moratorium on InstaPay and PESONet fees pending a review or until such time that small e-payment transactions are levied with zero fees. The BSP said the Monetary Board issued Resolution 1599 dated December 7 ordering the status quo on the…
PESONet, InstaPay now under BSP’s closer supervision
The Bangko Sentral ng Pilipinas (BSP) has tagged the digital payment schemes PESONet and InstaPay as prominently important payment systems or PIPS under the National Payment Systems Act (NPSA), said BSP Governor Felipe M. Medalla. “The designation of PESONet and InstaPay as PIPS is considered tim
The Bangko Sentral ng Pilipinas (BSP) has approved the designation of the Philippine Domestic Dollar Transfer System (PDDTS) and PhP-USD Payment vs. Payment System (PvP) as systemically important payment systems (SIPS). This brings to three the BSP-identified SIPS which are payment systems that hav
The Bangko Sentral ng Pilipinas (BSP) will designate the check image clearing system (CICS), automated teller machine (ATM) payment system, PESONet and InstaPay as prominently important payment systems (PIPS). 37722 This is based on the BSP’s draft guidelines and proposed expectations for all