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National Retail Payment System

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abtest

PESONet, InstaPay transactions reach P160 billion in end-November

By Lawrence Agcaoili | December 31, 2019 - 12:00am

Cash transfers coursed through the automated clearing houses of the National Retail Payment System reached P159.5 billion...

Banking

Cashless transactions gaining ground in Philippines

By Ehda M. Dagooc | July 6, 2019 - 12:00am

The implementation of the National Retail Payment System framework four years ago paved the way for the accelerated growth of digital payment in the Philippines.

Freeman Cebu Business

Financial inclusiveness in the digital age

By Rey Gamboa | November 20, 2018 - 12:00am

As the digital revolution continues its march, traditional banks are facing challenges from uncharted sectors.

Business

UnionBank bats for inclusive wealth via InstaPay, PESONet

May 6, 2018 - 12:00am

Union Bank of the Philippines continues its drive for inclusive prosperity by fully supporting the government’s National Retail Payment System (NRPS), which seeks to steer financial transactions gradually away...

Business

E-payments expected to make up 20% of total money deals by 2020

By Lawrence Agcaoili | December 10, 2015 - 9:00am

The Bangko Sentral ng Pilipinas (BSP) is looking at increasing the share of electronics payments in the country’s total financial transactions to 20 percent over the next five years with the roll out of the...

Business

BSP pushes electronic retail payments system

By Lawrence Agcaoili | September 18, 2015 - 10:00am

The Bangko Sentral ng Pilipinas (BSP) is laying down the foundation for an electronic retail payments system over the next two years to generate savings and at the same time expand the reach of financial services...

Business

Bangko Sentral ng Pilipinas pushes key BancNet role in national payment system

August 10, 2015 - 10:00am

The Bangko Sentral ng Pilipinas (BSP) wants BancNet to play a key role in the formation of the National Retail Payment System (NRPS).

Banking

ATM cardholders in Philippines now stand at 78 million

By Carlo S. Lorenciana | August 9, 2015 - 10:00am

The automated teller machine cardholder base in the Philippines stood at 78 million as of March this year, said the Bangko Sentral ng Pilipinas.

Freeman Cebu Business

Tetangco backs electronic retail payments

By Lawrence Agcaoili | August 3, 2015 - 10:00am

The Bangko Sentral ng Pilipinas (BSP) is urging banks and financial institutions to support the establishment of an electronic retail payments system to generate savings and at the same time expand the reach of financial...

Business