THE Bangko Sentral ng Pilipinas (BSP) said it has issued guidelines on the settlement of electronic payments (e-payments) under the National Retail Payment System (NRPS) Framework.
"The policy retains existing provisions applicable to instant retail payments while incorporating new provisions relevant to batch settlement of e-payments. This new set of guidelines is expected to strengthen the credit and settlement risk management for batch settlement of electronic payments," BSP Governor Benjamin Diokno pointed out in a statement over the weekend.
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