Payments

eTap to Broaden Payment Network, Plans to Deploy 2,000 Additional Kiosks

Electronic Transfer & Advance Processing, Inc. (eTap), a principal operator of payment kiosks, has disclosed intentions to significantly extend its network across the country by adding 2,000 new kiosks to its existing tally of 3,500 by the end of this

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BSP Aiming to Launch Instant Cross-Border Payment Service by 2026

The Bangko Sentral ng Pilipinas (BSP) has outlined plans to introduce an instant cross-border payment service by 2026, aiming to simplify the process of sending remittances to the Philippines. BSP Governor Eli M. Remolona, Jr. highlighted this initiative during a

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Atome, Mastercard Unveil Card Feature with Gaming Credits and Rewards Exchange

Atome has collaborated with Mastercard to enhance the gaming experience for its users in the Philippines. This collaboration enables Atome Card holders to convert their Atome rewards points into gaming credits through the Mastercard Gamer Xchange (MGX). The initiative is

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BSP Lauds Rise in Digital Payment Technology in the Philippines

The Bangko Sentral ng Pilipinas (BSP) has reported on the ongoing expansion of digital payment technologies, noting their significant role in enhancing the delivery of financial services to unbanked populations and micro, small, and medium enterprises (MSMEs). This development is

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Brankas Set to Expand QR and e-Wallet Payment Services for NetGlobal Pay

Brankas and NetGlobal Solutions Inc. have recently formalised a Memorandum of Agreement that facilitates a collaborative effort to expand the capabilities of NetGlobal Pay. This initiative focuses on enhancing the platform’s offerings to include QR Ph, pay-by-bank, and pay-by-wallet functionalities

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Isabel Ridad Takes Helm at Wise Pilipinas Amid Philippines Strategic Expansion

Wise, the UK-based fintech organisation formerly known as TransferWise, has expanded its operations into the Philippines, introducing Wise Pilipinas. This development marks an extension of Wise’s international presence, particularly in Southeast Asia. Isabel Ridad, founder of Monetize, has been appointed

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BSP to Finalise Cross-Border Payments Blueprint, CBDC Report This Year

The Bangko Sentral ng Pilipinas (BSP) is currently finalising a blueprint for instant cross-border payments, which promises to be a competitively priced option in the multinational remittance market. BSP Deputy Governor Mamerto E. Tangonan announced that the BSP is working

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OmniPay is the First Non-Bank on BSP’s Real-Time Payment System

The Bangko Sentral ng Pilipinas (BSP) recently integrated OmniPay, Inc. into its PhilPaSSplus system, marking it as the first non-bank electronic money issuer (EMI) to participate in the BSP’s Real Time Gross Settlement (RTGS) payment system. This inclusion underlines OmniPay’s

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BSP Maintains Fee Cap on InstaPay and PESONet, Pushes to Eliminate Cost

The Bangko Sentral ng Pilipinas (BSP) has decided to keep the current cap on fees for InstaPay and PESONet, two key electronic fund transfer systems. PESONet facilitates batch electronic funds transfers while InstaPay offers real-time, low-value digital payment options. Financial

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BSP to Extend Electronic Money Licence Moratorium to End-2024

The Bangko Sentral ng Pilipinas (BSP) is extending the moratorium imposed on the issuance of licences to new non-bank electronic money issuers (EMIs) by another year. BSP Deputy Governor Mamerto Tangonan said the moratorium on the entry of new EMI-non-bank

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