BSP proposes tighter payment rules

Inquirer.net 10 h

Philippines

BSP proposes tighter payment rules — Sources: Inquirer.net

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is moving to tighten controls on payment transactions, requiring banks and payment firms to identify the real merchants and beneficiaries behind payments and make transactions traceable from end to end. The BSP is soliciting comments from the industry on a draft circular that would place greater scrutiny

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BSP proposes tighter payment rules

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