Bangko Sentral Eyes Full Adoption of QR Ph by Start of Q3 2023
As per the memorandum, payment services and financial institutions will be allowed to transition to the QR Ph until June 30, 2023
BSP: Polymer Banknotes More Hygienic, Cost-Efficient
The BSP emphasized that the new polymer banknotes are more hygienic, environment friendly, and cost-efficient compared to the current paper bills.
BSP Sets Up New Physical, Digital Payments Unit, Names New Deputy Governor
BSP is tasking the new unit to address the interplay between digital money and physical currency, as well as support the Philippines’ digital transformation of its financial services.