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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......»»

Category: newsSource:  sunstarRelated NewsJan 15th, 2024

War games risk stirring up troubled waters as Philippines - emboldened by US - squares up to Beijing at sea

War games risk stirring up troubled waters as Philippines - emboldened by US - squares up to Beijing at sea.....»»

Category: newsSource:  manilanewsRelated NewsMay 8th, 2024

‘No security risk with ex-MILF, MNLF men joining PNP’

There is no security risk with the entry of former fighters of the Moro Islamic Liberation Front and Moro National Liberation Front in the Philippine National Police......»»

Category: newsSource:  philstarRelated NewsApr 30th, 2024

Best-served vegetables and fruits to reduce the risk of hypertension

Hypertension, commonly known as high blood pressure, is a health issue most people experience given the constant rise in today’s temperature. Since the raging heat is not calming anytime soon, it is best that healthy alternatives, such as consuming vegetables and fruits with natural nutrients that can aid in reducing the risk of hypertension, be.....»»

Category: newsSource:  inquirerRelated NewsApr 25th, 2024

Why would a loving God ask His beloved children to risk being hurt for the sake of loving others like Jesus did?

Why would a loving God ask His beloved children to risk being hurt for the sake of loving others like Jesus did?.....»»

Category: newsSource:  philstarRelated NewsApr 19th, 2024

Healthcare Heroes Celebrated as Philippines Commemorates Day of Valor

Healthcare workers, who bravely put themselves at risk to protect our communities, deserve to be safeguarded. This was BAN Toxics' message as the country celebrates the Day of Valor."As we continue to navigate the post-COVID-19 landscape, let us not forget the sacrifices of our healthcare workers who were at the frontlines of the past global pandemic. They remain our heroes who risk their lives to provide us wit.....»»

Category: newsSource:  manilanewsRelated NewsApr 13th, 2024

The world s population might be at risk

The world s population might be at risk.....»»

Category: sportsSource:  abscbnRelated NewsApr 8th, 2024

The world s population might be at risk

The world s population might be at risk.....»»

Category: sportsSource:  abscbnRelated NewsApr 8th, 2024

The world s population might be at risk

The world s population might be at risk.....»»

Category: sportsSource:  abscbnRelated NewsApr 8th, 2024

The world s population might be at risk

The world s population might be at risk.....»»

Category: sportsSource:  abscbnRelated NewsApr 8th, 2024

The world s population might be at risk

The world s population might be at risk.....»»

Category: sportsSource:  abscbnRelated NewsApr 8th, 2024

The world s population might be at risk

The world s population might be at risk.....»»

Category: sportsSource:  abscbnRelated NewsApr 8th, 2024

The world s population might be at risk

The world s population might be at risk.....»»

Category: sportsSource:  abscbnRelated NewsApr 8th, 2024

The world s population might be at risk

The world s population might be at risk.....»»

Category: sportsSource:  abscbnRelated NewsApr 8th, 2024

Iloilo City considers enhanced risk in management strategies over calamity declaration

Iloilo City considers enhanced risk in management strategies over calamity declaration.....»»

Category: newsSource:  thedailyguardianRelated NewsApr 7th, 2024

Iloilo City considers enhanced risk in management strategies over calamity declaration

Iloilo City considers enhanced risk in management strategies over calamity declaration.....»»

Category: newsSource:  thedailyguardianRelated NewsApr 7th, 2024

Iloilo City considers enhanced risk in management strategies over calamity declaration

Iloilo City considers enhanced risk in management strategies over calamity declaration.....»»

Category: newsSource:  thedailyguardianRelated NewsApr 7th, 2024

Iloilo City considers enhanced risk in management strategies over calamity declaration

Iloilo City considers enhanced risk in management strategies over calamity declaration.....»»

Category: newsSource:  thedailyguardianRelated NewsApr 7th, 2024

Wegovy Approved By FDA to Reduce Heart Attack Risk – The Daily Guardian

The FDA has recently approved the popular weight loss drug Wegovy for use in reducing the risk of heart attacks, strokes, and cardiovascular-related death in.....»»

Category: newsSource:  thedailyguardianRelated NewsMar 12th, 2024

Saudi Arabia: Migrant Workers Long Overdue Wages at Risk

(Beirut) - Representatives of two construction companies in Saudi Arabia announced recently that migrant workers will get their long overdue unpaid wages, but gaps in the repayment scheme puts the payments at risk, Human Rights Watch said today.Saudi authorities should ensure all former workers of these companies receive the full amount they.....»»

Category: sportsSource:  abscbnRelated NewsMar 3rd, 2024