Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla (center) watch as Pasig City Mayor Vico Sotto (left) scanned a quick response (QR) code to pay for halo-halo during the launch of the "Paleng-QR Ph Plus" in the city’s Mega Market last March 3. 

BSP, PASIG CITY LAUNCH PALENG-QR PH PLUS

The Philippine banking system remains safe and sound. We have shown our resilience through the pandemic, and we continue to be strong in the face of the ongoing turbulence in the global markets.

BSP statement on recent developments in the global banking system

The Bangko Sentral ng Pilipinas (BSP) informed the public that it has not released a 150-Piso denomination banknote featuring Dr. Jose Rizal. Images of the said banknote circulating on social media are fictitious, its press release stated.

No New P150 PISO Banknote

The Monetary Board, in Resolution No. 777 of June 2, 2022, revoked the license of e-money issuer Squidpay Technology (SQPay) pursuant to Sections 402-N, 501-N and 601-N of the Manual of Regulations for Non-Bank Financial Institutions (MORNBFI), in relation to Section 37 of Republic Act (R.A.) No. 7653 (The New Central Bank Act), as amended, and R.A. No. 9160 (The Anti-Money Laundering Act of 2001), as amended, and its Revised Implementing Rules and Regulations, and for violation of its notarized Deed of Undertaking, and the cancellation SQPAY’s Operator of Payment System (OPS) registration, pursuant to Section 19(e) of R.A. No. 11127 (The National Payment Systems Act).

MB revokes e-money license of Squidpay

The Monetary Board of the Bangko Sentral has approved the revised guidelines on emoney and the operations of emoney issuers and account holders to better protect them from IT-related risks.

BSP amends guidelines on emoney and emoney issuers

Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla (seated on the front row, second to the right) joined Department of Finance (DOF) Secretary Benjamin E. Diokno (seated beside Medalla) representing the Philippines at the conference entitled “Recovery from the Pandemic in Developing Asia: Achieving Inclusive and Sustainable Growth with Sound Fiscal Management.” 

BSP, DOF JOIN IMF-JICA CONFERENCE IN TOKYO

Pasig city market vendors are now incentivized to accept e-payments under Paleng-QR Ph Plus with the launch today (March 3) of the program by Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla, Pasig City Mayor Vico Sotto, and Pasig Rep.Roman Romulo.

BSP launches Paleng-QR Ph. Plus in Pasig City

Did you know that aside from state pension funds, there is still another venue for you to invest your excess funds that would be tax free on earnings of PERA investments, a 5 percent tax credit on the PERA contributions that can be used to pay for national income tax liabilities and tax-free distribution on qualified withdrawals. PERA is the personal equity and retirement account for those below 55 years old.

PERA pitches in P329.55 million in 2022

Because inflation and risk to inflation remains elevated, the Bangko Sentral ng Pilipinas decided today to raise policy rates on its reverse repurchase facility by 50 basis points effective tomorrow, February 17.

MB raises policy rates by 50 bps 

The Monetary Board has raised the interest rate on the Bangko Sentral ng Pilipinas’ (BSP) overnight reverse repurchase facility by 25 basis points to 6.25 percent. The interest rates on the overnight deposit and lending facilities were correspondingly raised to 5.75 percent and 6.75 percent, respectively, to take effect on March 27 (Monday).

New Rates take effect March 27, BSP

BSP launches Paleng-QE Ph. Plus in Pasig City

Bangko Sentral ng Pilipinas

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