top of page
All Articles
BSP Proposes Tighter Integrity Controls for Philippine Merchant Payments
The Bangko Sentral ng Pilipinas (BSP) has proposed new payment-integrity requirements covering merchant payment arrangements in the Philippines, including stricter controls on layered payment structures, greater identification of merchants and ultimate recipients, and the establishment of a centralized national QR-code merchant database. The proposed rules would amend the BSP’s Manual of Regulations for Payment Systems and apply to BSP-supervised institutions, payment system
3 hours ago3 min read
bottom of page