[ad_1] BSP selected Hyperledger Fabric as the Distributed Ledger Technology (DLT) for its wholesale Central Bank Digital Currency (CBDC) pilot in the country. Hyperledger Fabric 101: This blockchain is intended as a…
Category: BSP
21.9M Pinoys Have Basic Deposit Accounts in the Philippines
[ad_1] In the first quarter of 2023, there were 21.9 million Filipinos who had Basic Deposit Accounts in the Philippines. BDA is a type of bank account designed to promote financial inclusion….
No Local Bank Affected by Silicon Valley, Silvergate, Signature Bank Collapse—BSP
[ad_1] Subscribe to our newsletter! Bangko Sentral ng Pilipinas (BSP) and the Association of Philippine Bankers (BAP) reassured the public that the recent collapses of three US-based banks, Silicon Valley Bank, Silvergate…
Bangko Sentral Eyes Full Adoption of QR Ph by Start of Q3 2023
[ad_1] Subscribe to our newsletter! Additional Editing and Reporting by Nathaniel Cajuday Through Memorandum No. M-2023-005 signed by Deputy Governor Mamerto Tangona, Bangko Sentral ng Pilipinas has instructed BSP supervised financial institutions…
Philippines Creates Interagency Committee to Combat Inflation
[ad_1] Subscribe to our newsletter! President Ferdinand Marcos Jr. has approved the establishment of a high-level interagency advisory body called the Interagency Committee on Inflation and Market Review to fight inflation spikes,…
MEDYO GOOD NEWS: PH Inflation Rate Eases to 8.6% for Feb 2023
[ad_1] Subscribe to our newsletter! The headline inflation rate in the Philippines for February 2023 fell to 8.6%, lower than January’s 8.7%, according to the Statistics Authority of the Philippines. Transportation was…
BSP Governor Explores Eliminating Minimal Transfer Fees
[ad_1] Subscribe to our newsletter! Bangko Sentral ng Pilipinas (BSP) aims to eliminate transaction fees on transfers of low value funds to encourage cashless or digital payments among Filipinos. BSP Governor Felipe…
BSP Implements Stricter Rules for E-Money Amid Heightened Cybersecurity Risks
[ad_1] Subscribe to our newsletter! Bangko Sentral ng Pilipinas (BSP) has changed the rules governing how electronic money (e-money) works in the Philippines. The BSP has decided that electronic money issuers (EMI)…