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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......»»
Abante Front Page | Balita ngayong Abril 09, 2024
Abante Front Page | Balita ngayong Abril 09, 2024.....»»
Abante Front Page | Balita ngayong Abril 07, 2024
Abante Front Page | Balita ngayong Abril 07, 2024.....»»
Abante Front Page | Balita ngayong Abril 06, 2024
Abante Front Page | Balita ngayong Abril 06, 2024.....»»
Abante Front Page | Balita ngayong Abril 04, 2024
Abante Front Page | Balita ngayong Abril 04, 2024.....»»
Abante Front Page | Balita ngayong Abril 03, 2024
Abante Front Page | Balita ngayong Abril 03, 2024.....»»
Abante Front Page | Balita ngayong Marso 31, 2024
Abante Front Page | Balita ngayong Marso 31, 2024.....»»
Masungi Georeserve sees tighter security
Augmentation forces will be deployed to secure the Masungi Georeserve and protect it against illegal logging, land grabbing, quarrying and other threats......»»
Valentine’s Day tips for talking about money as a couple
NEW YORK (AP) — Money might not be the most romantic topic for Valentine’s Day, but talking about finances with your significant other is a key element of a healthy relationship. Money problems are one of the most common reasons couples separate, said Emily Simonian, head of clinical learning at Thriveworks, a mental health company......»»
Cebu Daily Newscast: Remittances soar to P33.5 billion in 2023 – BSP
Listen to Cebu Daily Newscast and get the latest stories in and around Cebu. Here’s what you need to know on Friday, February 16. Remittances soar to P33.5 billion in 2023 – BSP Filipinos abroad sent a record amount of money back home in 2023 as remittances hit $33.5 billion, boosted by a stronger peso......»»
Remittances soar to P33.5 billion in 2023 – BSP
MANILA, Philippines — Filipinos abroad sent a record amount of money back home in 2023 as remittances hit $33.5 billion, boosted by a stronger peso. This increase in the value of remittances helped households cope with high inflation. According to the Bangko Sentral ng Pilipinas (BSP), cash remittances through banks totaled $33.5 billion, marking a.....»»
BSP logs 40K complaints relating to financial consumer protection; only 5% come from Mindanao
SINCE the effectivity of the Financial Consumer Protection Act (Republic Act 11765) in June 2022, the Bangko Sentral ng Pilipinas (BSP) has logged more than 40,000 complaints from customers of different BSP-supervised financial institutions from all over the Philippines. Of this number, only around 5 percent come from Mindanao, implying the Mindanaoans' unawareness of the law......»»
BSP Governor Eyes Potential Rate Cut as Inflation Eases
In a recent interview, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. hinted at a potential rate cut later this year, signaling optimism amid the nation’s economic landscape. While cautious about the first semester, Remolona remains watchful, stating that the move could come “within the year.” The BSP, responding to escalating inflation, had hiked […].....»»
BSP governor says February rate cut not likely
In statements made to the press, BSP Governor Eli Remolona said that due to the “numbers we are seeing” a rate cut “is not likely (on) February 15”, which is the next scheduled meeting date for the BSP’s Monetary Board......»»
DOJ sa isyu ng ex-glam team ni Heart: Walang hold departure order
DINENAY ng Department of Justice (DOJ) ang mga kumakalat na balitang may hold departure order ang dating ex-glam team ni Heart Evangelista. Naging laman ng balita ang dating glam team ni Heart matapos hindi matuloy ang kanilang paglipad sa Dubai para kitain sina Pia Wurtzbach at Mark Bumgarner dahil sa umano’y hold departure order.....»»
FACT CHECK: Link for scholarship program posted by fake Landbank page
Both the Facebook page and the link for the supposed scholarship program are not affiliated with Landbank, according to a Facebook post on its official and verified page.....»»
Suspected terror fund facilitator caught using remittance centers
Emmett Manantan of the Anti-Money Laundering Council confirmed that the suspect Myrna Mabanza used money service businesses to transfer funds to members of the Abu Sayyaf Group.....»»
BSP to issue new guidelines for MSBs
The Bangko Sentral ng Pilipinas is finalizing a new regulatory framework for money service businesses to ensure that risks remain manageable amid the evolving industry......»»
Government workers for 10 years may earn civil service eligibility
Job order contractual, casual and co-terminus employees who have been working in the government for at least 10 aggregate years may now apply for civil service eligibility, according to the Civil Service Commission......»»
DOLE issues revised IRR on Service Charge Law
The Department of Labor and Employment has issued the revised implementing rules and regulations of the Service Charge law, which now excludes managerial employees from benefiting from the collected service charge......»»