BSP encourages reduction of interbank transfer fees and regulates digital service fee structures, offering free InstaPay and PESONet transfers.

5 reports, 4 independent Updated Aug 14

Gone quiet

Reports: 5
Developments: 3
Repetition: 60%

New informationRepeats or wire copies

AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Well supportedReported by 4 independent outlets

BSP encourages reduction of interbank transfer fees and regulates digital service fee structures, offering free InstaPay and PESONet transfers.

Who's involved

What this event is mainly about

Bangko Sentral ng Pilipinas Instapay PSBank

How it developed

Newest first. Tap a step to see who reported it.

Aug 8BSP implements cost-based pricing framework for fund transfers.1 source
- philstar.com
Jul 29The central bank launched digital payment initiatives, and Philippine National Bank (PNB) is one of the five participating financial institutions.Sub-event
Jul 1BSP regulates digital payment fees and encourages reduction of interbank transfer costs for services like InstaPay.1 source
- manilatimes.net

Keep exploring

Part of

Bangko Sentral ng Pilipinas regulates digital payment fee structures for financial institutions under the National Retail Payment System in the Philippines.

Also in this story

The Bangko Sentral ng Pilipinas announced a major regulatory move, imposing a 12-month pause on the registration of new payment operators in the country.Sep 7

All 4 developments

The entities involved

Bangko Sentral ng Pilipinas
central bank of the Philippines
- An unnamed economist used the Viber platform to communicate their views regarding the current monetary policy of the Bangko Sentral ng Pilipinas.Sun 20:04
- Bangko Sentral ng Pilipinas uses auctions to absorb excess liquidity from the financial system.Sun 16:12
Instapay
Egyptian payment application

Nothing else this week.
PSBank
savings bank in the Philippines
- PSBank opened its first branch in Quiapo, alongside establishing operations in Putatan and Muntinlupa.Fri 09:40

Related events

The central bank of the Philippines operates within the country's digital infrastructure and manages financial services expansion.Jun 7

Coverage

Newest first; wire copies grouped