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.
1 report, 1 independent
Updated Sep 7
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What happened
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.
Who's involved
What this event is mainly aboutKeep 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
- BSP encourages reduction of interbank transfer fees and regulates digital service fee structures, offering free InstaPay and PESONet transfers.
- Bank of the Philippine Islands waives fees for InstaPay transactions, aligning with BSP Circular 1238.
The entities involved
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Bangko Sentral ng Pilipinas
central bank of the Philippines
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Philippines
archipelagic country in Southeast Asia