Advisories
Less fees? BSP's new circular changes electronic payments in 2026
BSP Circular No. 1238 introduces new pricing rules for electronic fund transfers and requires zero fees for payments received by qualifying micro-merchants.
4 min readAll Articles
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Advisories
Salary loans get a 7-year repayment option: What it means for borrowers
The BSP has extended the maximum allowable repayment period for salary-based consumption loans to seven years, giving eligible borrowers more flexibility but potentially increasing total interest costs.
4 min read
Advisories
Bawal 'yan!: If a collector ever did these things to you, they broke the law
Debt collectors cannot legally harass, threaten, publicly shame, or disclose a borrower's personal information to unrelated third parties.
4 min read
Advisories
No more SMS OTPs: Paano na tayo magla-login starting June 25, 2026?
BSP Circular No. 1213 requires banks to replace SMS and email OTPs for high-risk transactions with stronger authentication methods such as biometrics and device-based verification.
2 min read
News
BSP unveils four major payment system upgrades
The BSP and PPMI announced four major payment system upgrades covering QR Ph, InstaPay Cash-In, InstaPay for Business, and Direct Debit PH.
1 min read
News
"One Philippines, One Payment Experience:" BSP just redefined how 60 million Filipinos send, load, pay
The BSP's "One Philippines. One Payment Experience." event introduced major upgrades that will change how Filipinos load e-wallets, pay bills, send money, and run businesses.
3 min read
Financial Literacy
More than half of every peso Filipinos spend is now digital
Digital retail payments now account for more than half of transaction volume and value in the Philippines, signaling a major shift toward cashless everyday spending.
1 min read
News
InstaPay transactions jumped nearly 7x in two years
InstaPay transaction volume surged from 99.4 million to 693 million in two years as Filipinos rapidly shifted toward real-time digital money transfers.
1 min read
News
PisoLit meets KasKasan Buddies: BSP and KKB launch collaboration to bring financial education closer to more Filipinos
BSP and KasKasan Buddies launched a collaboration to bring PisoLit financial education content to more than 2 million Filipinos across KKB's platforms.
4 min read
News
New BSP rule bans backend deductions on digital transfers
BSP Circular No. 1238 requires recipients to receive the full amount of digital transfers and ties interbank fees to actual processing costs.
1 min read
Advisories
BSP Circular 1230 update: Cash depositors can now withdraw up to ₱1 million without additional requirements
BSP Circular No. 1230 raises the cash withdrawal threshold that triggers enhanced due diligence from ₱500,000 to ₱1 million.
1 min read