Tag "Bangko Sentral Ng Philipinas"

BSP Will No Longer Be Accepting Digital Bank Applications

Bangko Sentral ng Pilipinas (BSP) announced that it will no longer be receiving applications for new digital banks including banks wanting to convert their status from 1st September 2021. Digital bank applications sent in to BSP until 31 August 2021

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Philippines Is The Latest to Approve a Digital Banking Framework

​The Monetary Board approved the recognition of digital bank as a new bank category that is separate and distinct from the existing bank classifications.  A digital bank is defined as a bank that offers financial products and services that are

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Phillippines’ Central Bank Sets June 2020 Deadline for Industry to Adopt QR Standard

In line with its thrust of ensuring the efficiency of payment systems in support of inclusive economic development, the Monetary Board has approved a policy requiring the adoption of a National Quick Response (QR) Code Standard for payments. The QR

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