Bangko Sentral ng Pilipinas
Alipay+ connects to QR Ph for cross-border payments in the Philippines
PPMI and Alipay+ have connected Alipay+ to QR Ph, allowing supported international e-wallet and banking-app users to pay Philippine merchants through existing QR Ph codes.
Philippines pauses Virtual Asset Service Provider licenses for three years
The Bangko Sentral ng Pilipinas (BSP), the Philippines Central Bank, said Friday it has approved a modified approach which involved the closure of the regular application window for new VASP licenses for a period of three years and grant of new VASP licenses only to existing BSP supervised financial institutions (BSFIs).
Philippines to stop accepting digital bank applications for 3 years, caps licenses to 7
The Monetary Board decided to close the window for the submission of applications from new digital banks, including converting banks, starting August 31, 2021. This is in line with the overall thrust of maintaining a stable and competitive environment for banks.
