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BSP requires banks to implement PESONet, InstaPay by November 2018

Original Post by Louie Diangson, as featured in YugaTech The Bangko Sentral ng Pilipinas (BSP) recently issued a memorandum requiring all BSP-Supervised Financial Institutions (BSFIs) to make fund transfer via PESONet and/or InstaPay available through its e-channels (i.e. internet and mobile) by November 30, 2018. The implementation of PESONet and InstaPay under Memorandum No. M-2018-012, pursuant to […]

The Fight For The $400 Billion Business Of Immigrants Sending Money Home

Original Post by Ben Schiller, as featured in Fast Company A new class of startups is using bitcoin and the blockchain to drastically lower fees as they try to grab a share of the remittance market from old competitors like Western Union. “Dollars wrapped with love.” That’s how Dilip Ratha describes remittances—the money immigrants send home to […]

Bloomberg Launches New Foreign Exchange Solution in the Philippines

Originally Featured in Bloomberg Tri-party ticketing system for brokers and banks will enhance market transparency and trade execution Manila, September 22, 2016 — Bloomberg today announced that it has launched its tri-party ticketing system for the interbank community in the Philippines, providing real-time access to brokered foreign exchange (FX) forward transactions to market participants.  The […]

Central Bank Calls on Financial Institutions to Sign Up on Cybersecurity Sharing Platform

Original post by Reicelene Joy N. Ignacio, Reporter , published on Business World TO HELP strengthen the banking industry’s resilience to cyber attacks, the Bangko Sentral ng Pilipinas (BSP) has ordered BSP-supervised financial institutions (BSFIs) to participate in a cybersecurity sharing platform hosted by the Bankers Association of the Philippines (BAP). “In order to further strengthen […]

Banks Seen to Increase Use of Fintech – BSP Survey

Original post by Lee C. Chipongian, published on Manila Bulletin Header Photo, BSP GOVERNOR DIOKNO ADDRESSES FINTECH FORUM IN BANGKOK – Speaking in front of a diverse audience comprised of both public and private fintech stakeholders, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno (in photo, 2nd from left) talked about the BSP’s policy […]

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