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BSP onboards OmniPay as first nonbank e-money issuer in PhilPaSSplus

BSP onboards OmniPay as first nonbank e-money issuer in PhilPaSSplus
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Bangko sentralMary anneNational payment systemsManagement committeePeso real time gross settlementNational payment systems actNonbank quasi banksClearing switch operatorsFinancial market infrastructures

BSP to start charging PhilPaSSplus fees

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

Mary anneBangko sentralReal time gross settlement management committeePhilippine paymentSettlement systemManila bulletinDirector mary anneFinancial market infrastructuresClearing switch operators

BSP approves rules on batch e-payments

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

Bangko sentralBenjamine dioknoNational payment systemsClearing switch operatorsElectronic payments underNational retail payment systemMultiple batch settlementPayments transformationRepublic actNational payment systems act