Issuances and Circulars
Guidelines on the Registration and Notification Requirements of Operators of Payment Systems
Memorandum No. M-2019-023 | September 25, 2019
The online registration of OPS shall be preceded by the conduct of a self-assessment in order to determine whether a person is an OPS that shall register pursuant to Republic Act No. 11127 or the National Payment Systems Act (NPSA) and BSP Circular No. 1049...
Rules and Regulations on the Registration of Operators of Payment Systems
Circular No. 1049 | September 5, 2019
The Monetary Board, in its Resolution No. 1360 dated 5 September 2019, approved the rules and regulations on the registration of operators of payment systems to implement Republic Act (R.A.) No. 11127 or the National Payment Systems Act. These rules and regulations shall form part of the newly-created Manual of Regulations for Payment Systems (MORPS)...
Adoption of National Retail Payment System (NPRS) Framework
Circular No. 980 | November 6, 2017
lt is the policy of the Bangko Sentral to promote the establishment of a safe, efficient, and reliable retail payment system in the Philippines. Towards this end, the Bangko Sentral adopts the National Retail Payment System (NRPS) Framework consistent with Bangko Sentral regulations on risk management in light of the complex interplay of different types of risk arising from the rapid evolution of retail payment activities of Bangko Sentral supervised financial institutions (BSFIs). The NRpS vision will help achieve higher economic growth and enhance the overall competitiveness of our economy...