THE Bangko Sentral ng Pilipinas (BSP) wants a fixed, one-time subscription fee model to support zero fees for digital wallet transactions.
"There's a fundamental issue. It's not about the fees per transaction. I think that's the wrong model. Because of what we call network externalities, there should be a subscription fee, which is fixed rather than a fee per transaction. So, we're still trying to figure out how exactly to do that," BSP Governor Eli Remolona Jr. told reporters in a Rotary Club event on Thursday.
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