The Bangko Sentral ng Pilipinas (BSP) is launching its new digital payments in the Philippines with its new Request to Pay (RTP) and Direct Debit services. These new services follow a big jump in digital payments in the Philippines. Last year, digital payments made up 52.8% of all retail transactions, up from 42.1% in 2022. With these launches, BSP aims to push digital payment adoption further. BSP’s work with industry partners highlights the need for a unified approach to digital payments, ensuring all platforms work well together. What do you think about this new Payment service from BSP, Let us know in the comment below. The proposed measure aims to create a nationwide digital payments system for transactions with the government and between private groups. The bill seeks to expand the use of digital payments in the country. Read more in our articles including "BSP to Launch New Digital Payment Services in the Philippines" and "House approves Digital Payments Bill on second reading".
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Apr 15, 2026The Bangko Sentral ng Pilipinas (BSP) is launching its new digital payments in the Philippines with its new Request to Pay (RTP) and Direct Debit services. These new services follow a big jump in digital payments in the Philippines.
Last year, digital payments made up 52.8% of all retail transactions, up from 42.1% in 2022. With these launches, BSP aims to push digital payment adoption further. BSP’s work with industry partners highlights the need for a unified approach to digital payments, ensuring all platforms work well together.
Our coverage of bsp digital payment includes: "BSP to Launch New Digital Payment Services in the Philippines"; "House approves Digital Payments Bill on second reading"; "How new BSP rules are reshaping digital banking in the Philippines". Each article provides unique insights and information.