BSP Deputy Governor Mamerto Tangonan said the system is already 24/7 ready and the rollout will expand operating hours beyond the current 9 a.m. The move is part of a plan to build a round-the-clock real-time gross settlement system that supports instant domestic transfers, links with foreign payment networks, and enables services such as 24/7 remittances, cross-border ecommerce flows, and same-day settlement of the cash leg in bond trades. The new service, expected to launch by the first quarter of 2027, will use Visa Direct, Visa's real-time payments platform, allowing BPI customers to send money overseas directly from the BPI app. Joel de Vera, BPI's head of strategy, products and support for institutional banking, said demand for secure, real-time, and affordable international payments continues to grow as more Filipinos engage in global activities. Read more in our articles including "BSP will make the national payments system 24/7 in 2026" and "GCash to replace SMS OTPs with In-App Authentication".
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Apr 15, 2026BSP Deputy Governor Mamerto Tangonan said the system is already 24/7 ready and the rollout will expand operating hours beyond the current 9 a.m. The move is part of a plan to build a round-the-clock real-time gross settlement system that supports instant domestic transfers, links with foreign payment networks, and enables services such as 24/7 remittances, cross-border ecommerce flows, and same-day settlement of the cash leg in bond trades.
The new service, expected to launch by the first quarter of 2027, will use Visa Direct, Visa's real-time payments platform, allowing BPI customers to send money overseas directly from the BPI app. Joel de Vera, BPI's head of strategy, products and support for institutional banking, said demand for secure, real-time, and affordable international payments continues to grow as more Filipinos engage in global activities.
Our coverage of 24/7 payments includes: "BSP will make the national payments system 24/7 in 2026"; "GCash to replace SMS OTPs with In-App Authentication"; "BPI to add international money transfers to mobile app by 2027". Each article provides unique insights and information.