BSP: Philippines hits digital payments target ahead of 2028
Digital payments accounted for 64.7% of retail payments in the Philippines in 2025, up from 57.4% in 2024, according to the Bangko Sentral ng Pilipinas (BSP). The country has now…
BSP expands digital payments with 3 new services
The Bangko Sentral ng Pilipinas (BSP) and Philippine Payments Management Inc. (PPMI) have introduced three new digital payment services designed to make paying bills, moving money, and doing business easier…
FSCC sets new monitoring framework for non-bank financial institutions
The Financial Stability Coordination Council (FSCC), an interagency body that monitors systemic risks in the financial system, has begun work on a new monitoring framework for non-bank financial institutions (NBFIs)…
BSP issues rules to enforce Anti-Financial Account Scamming Act
The Bangko Sentral ng Pilipinas (BSP) has put in place the rules for carrying out the Anti-Financial Account Scamming Act (AFASA), a law designed to stop scammers from misusing bank…
BSP launches 4th Digital Financial Inclusion Awards
The Bangko Sentral ng Pilipinas (BSP) has launched the fourth Digital Financial Inclusion Awards (DFIA), a program that aims to highlight the efforts of microfinance institutions (MFIs) and microentrepreneurs who…
BSP launches cyber resilience council to strengthen security of financial sector
The Council will bring together key industry players to improve cybersecurity measures and ensure financial institutions are prepared for potential risks.
BSP launches new website to support financial inclusion
The Financial Inclusion Steering Committee (FISC), led by the Bangko Sentral ng Pilipinas (BSP), has launched a website to make financial services more accessible to all Filipinos. The website was…
Central banks progress toward cross-border payment integration
The Bangko Sentral ng Pilipinas (BSP), in collaboration with the Bank for International Settlements (BIS) and regional partners, announced the completion of the blueprint for the next phase of Project…
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