BSP Implements New Guidelines for Transparent and Fair E-Payment Pricing

e- payment


The Bangko Sentral ng Pilipinas (BSP) has rolled out new guidelines to ensure transparent and fair pricing for electronic payments (e-payments) provided by banks and non-bank institutions.

These regulations require BSP-supervised institutions (BSIs) to create clear pricing structures for e-payment services offered to consumers. The rules emphasize avoiding collusive practices, adopting competitive pricing strategies, and ensuring cost recovery.

The BSP stresses that pricing policies should safeguard consumers and promote financial inclusion in the Philippines. BSIs must disclose all fees and charges associated with e-payment transactions, providing transparent justifications for these charges.

These guidelines build upon existing BSP regulations, such as the National Retail Payment System (NRPS) Framework and the Financial Products and Services Consumer Protection Act.

The goal is to foster a consumer-centric and competitive e-payment environment across the nation.

Must Read

Philippines Heat Wave
Philippines Heat Wave Forces School Closures Across Manila as Dry Season Begins
Toll Fee Adjustments
NLEX Announces Toll Fee Adjustments Effective March 2025: What Motorists Need to Know
Dengue-1
Quezon City Declares Dengue Outbreak Amid Surge in Cases
003
Why Do '003' Numbers Keep Calling Philippine-Based Phones?
Scroll to Top