Turns Out Filipinos Will Use Digital Banking Much More If You Stop Charging Them ₱15 Per Transfer
A landmark BSP-IPA study reveals that waiving InstaPay transfer fees doubles transaction activity and activates cash-reliant Filipinos.
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BSP Draft Rules Seek to Block QR Ph Workaround Used by Offshore Platforms
Proposed BSP rules ban third-party payment middlemen for offshore platforms, threatening foreign apps relying on QR Ph top-ups in the Philippines.
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BSP Won’t Defend ₱60 Target as Philippine Peso Hits Historic Low Past ₱62
The Bangko Sentral ng Pilipinas ruled out using foreign reserves to hold the peso below ₱60 as the currency fell to a historic low of ₱62.265 against the US dollar.
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BSP Approves PERA Time Deposits: Rules, Tax Perks, and Eligibility Explained
The Bangko Sentral ng Pilipinas now allows banks to offer tax-exempt PERA time deposits with a minimum 30-day maturity and full PDIC coverage.
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Cheaper Transfers and QR Ph Scans Push Nearly 65% of PH Payments Online — BSP
Lower inter-bank fees and widespread QR Ph adoption pushed digital payments to 64.7% of all retail transactions in the Philippines.
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Is Free Banking Enough If Opening an Account Is Still an Obstacle Course?
The debate between lawmakers and the BSP highlights why removing account friction and minimum balance rules is crucial for genuine digital financial inclusion in the Philippines.
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BSP Draft Rule Mandates National ID Integration for Licensed VASPs, E-Wallets, and Banks
Philippine crypto exchanges, e-wallets, and digital banks must submit National ID database integration applications within three months under a draft central bank mandate.
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Expecting ₱0 InstaPay Fees Forever? What the BSP’s Fair Pricing Rules Mean for Maya, GCash, and Bank Transfers
BSP Circular 1238 confirms e-wallets and banks can charge transfer fees as long as they are fair and cost-based.
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BSP Removes Two Firms From Registered VASP List
Bloomsolutions, Inc. (BloomX) and XenRemit, Inc., a subsidiary of Xendit Group, were excluded from the latest central bank VASP roster.
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BSP Issues Advisory Against Unlicensed Entity Bangko Maharlika Ltd
The BSP has warned the public against transacting with Bangko Maharlika Ltd., saying the entity is neither licensed nor regulated by the central bank and is not registered with the SEC.
