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BSP, banks pursue e-payment system

The Bangko Sentral ng Pilipinas (BSP) and stakeholders in the banking industry are pursuing the inter-operability among major players as part of the National Retail Payment System (NRPS).

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Photo from Manila Bulletin

Selfie payment now available in the country

There is a new mode to verify online transactions in the country and it requires you to take a selfie. With the growing use of e-banking, EON has developed an easy-to-use and secured mobile app that will allow you to receive payments without going to a bank and set an account or purchase stuff online.

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A foreigner leaves a money changer after exchanging his dollars notes to peso in Manila on November 24, 2016. -- AFP

BSP crafts rules for electronic KYC procedures

The Bangko Sentral ng Pilipinas (BSP) is crafting guidelines to allow financial entities to carry out client verification via electronic means, alongside more “flexible” rules to combat money laundering, a central bank official said.

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Photo from Top Gear Philippines

PayMaya now accepted at NLEX; Cavitex to follow

PayMaya Philippines, the mobile digital payment app of PLDT Inc., can now be used at North Luzon Expressway (NLEx) and soon, Cavite Expressway (Cavitex).

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Banks, finance leaders vow to comply with PH data privacy code

Philippine banking and finance leaders have pledged support to the country’s data privacy laws by committing to comply with the relevant issuances by the National Privacy Commission (NPC).

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