The Bangko Sentral ng Pilipinas (BSP) could mandate that all banks, e-wallets, and clearing houses adopt the internationally accepted ISO 20022 messaging standard, modernizing domestic payment systems and aligning with global financial protocols. In a draft circular dated April 2025, the BSB noted...
The Bangko Sentral ng Pilipinas (BSP) is proposing a reporting governance framework for the operators of payment systems (OPS). In a draft circular, Regulatory Reporting Standards for Operators of Payment System, the BSP said OPS should have “relevant,...