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ASEAN cross-border remittance service to go live by 2026 – BSP
The Bangko Sentral ng Pilipinas along with other central banks in the region aims to operationalize multilateral cross-border fund transfers by July 2026......»»
From free InstaPay transfers to personalized banking: New Metrobank App is making online banking easier
The Metrobank App brings convenient banking at your fingertips by making transactions simple with just a few taps, ensuring that your money is safe with enhanced security, and anticipating your needs with smart features......»»
Landbank continues to waive transfer fees below P1,000
In an advisory, Landbank said it will continue to waive fees for fund transfers to other banks sent through InstaPay and PESONet as long as it is below P1,000......»»
BSP onboards 1st nonbank electronic money issuer
The Bangko Sentral ng Pilipinas (BSP) achieved a significant milestone by welcoming OmniPay, Inc. as the first nonbank electronic money issuer (EMI) participant in its Real Time Gross Settlement (RTGS) payment system, PhilPaSSplus. This move aligns with the National Payment Systems Act and signifies a more inclusive national payment system, allowing nonbank financial institutions to conduct efficient and low-risk funds transfers directly through the central bank. Assistant Governor Mary Anne P. Lim emphasized the BSP's commitment to safeguarding the entire Peso RTGS payment system amidst global trends of diversified participation. With 236 institutions, including various banks and nonbank entities, utilizing PhilPaSSplus for large value transactions and retail payment clearing, the BSP's initiative reflects a broader trend of central banks facilitating direct access for nonbank entities to settlement services. This development comes as international standard-setting bodies work on access guidelines to manage risks in evolving payment systems with new players and financial technologies......»»
US tanker transfers fuel to Subic storage facility
US-registered tanker is currently in the country to transfer fuel from a military base in Pearl Harbor, Hawaii to a commercial storage facility in Subic Bay, according to the US embassy in Manila......»»
From free InstaPay transfers to personalized banking: New Metrobank App is making online banking easier
The Metrobank App brings convenient banking at your fingertips by making transactions simple with just a few taps, ensuring that your money is safe with enhanced security, and anticipating your needs with smart features......»»