Tag "Bangko Sentral ng Pilipinas (BSP)"
BSP Now on Its Third Phase of Sustainability-Related Regulations
The Bangko Sentral ng Pilipinas (BSP) is now on its third phase of sustainability-related regulations with the recent release of draft guidelines on the integration of sustainability principles in banks’ investment activities. The central bank said that the finalisation of
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BSP Says Digital Payments Exceeded 30% In 2021
The share of digital payments to total retail payments volume in the Philippines rose to 30.3% in 2021 from 20.1% in 2020, according to the latest e-payments data of the Bangko Sentral ng Pilipinas (BSP). The value of digital payments
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Diokno Steps Down to Welcome Medalla as New BSP Governor
Former Bangko Sentral ng Pilipinas’ (BSP) Governor has stepped down to hand over the leadership of the central bank to Felipe M. Medalla. A Monetary Board member since 2011, Governor Medalla is a seasoned economist and professor whose career in
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BSP Names Bernadette Romulo-Puyat as New Deputy Governor
The Bangko Sentral ng Pilipinas (BSP) has named Bernadette Romulo-Puyat as its newest Deputy Governor (DG) who will be assuming office today. Sec. Romulo-Puyat will be the fifth DG of the BSP, joining DG Francisco Dakila Jr. of the Monetary
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BSP Says EGov Pay’s Transactions Showed 467% Growth Since 2021
The use of EGov Pay, a system that enables digital payment for government services, jumped by 467 percent to over 91,000 transactions at end of 2021 from around 16,000 transactions a year earlier, according to the Bangko Sentral ng Pilipinas
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BSP and PPMI Set to Launch Three E-Payment Streams Over the Next Two Years
The Bangko Sentral ng Pilipinas (BSP) and the Philippine Payments Management Inc. (PPMI) will launch three e-payment streams as part of a push to broaden the use of digital payments over the next two years. BSP’s Governor Benjamin E. Diokno
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BSP Lauds the Government’s Move to Shift to Digital Payments
The Bangko Sentral ng Pilipinas (BSP) says the issuance of the executive order on the adoption of digital payments for government disbursements and collections is a welcome move. The executive order mandates all departments, agencies, and instrumentalities of the government,
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Bangko Sentral ng Pilipinas Employs Machine Learning to Enhance Suptech Efforts
The Bangko Sentral ng Pilipinas (BSP) is exploring applications of machine learning (ML) techniques, particularly in the areas of natural language processing, nowcasting, and banking supervision. Natural language processing at the BSP is used to convert text into data to
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Singaporean Fintech Spenmo Bags Payments License From BSP
Singapore-based payments firm Spenmo announced that it has secured a Operator of Payment System (OPS) license from the Bangko Sentral ng Pilipinas (BSP). This will give Filipinos access to both bill payments and employee spend management in one platform. Aside
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BSP Set to Pilot Wholesale Central Bank Digital Currency Project
The Bangko Sentral ng Pilipinas (BSP) announced that it has decided to pursue the pilot project of a wholesale central bank digital currency (CBDC) as part of its efforts to promote the stability of the country’s payment system. Dubbed Project
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