#BSP new rules

New rules from the Bangko Sentral ng Pilipinas (BSP) and industry guidance from the Philippine Payments Management, Inc. BSP’s enhanced rules for InstaPay and PESONet settlements give the central bank more power to scrutinize how funds are cleared and credited, improving resilience while enabling shorter clearing intervals and faster posting of funds. The Bangko Sentral ng Pilipinas (BSP) has introduced new rules aimed at making electronic payment fees fairer and more transparent, while also lifting the moratorium on increases in InstaPay and PESONet transaction charges. Under the new rules, BSP-supervised financial institutions (BSFIs) must adopt pricing mechanisms that are reasonable, fair, and based on market conditions. The BSP said the new framework supports its broader goal of promoting digital payments, financial inclusion, and innovation while ensuring adequate consumer protection and regulatory oversight. The BSP said the updated rules aim to create a more sustainable pricing environment for digital payments while ensuring consumers continue to have access to fast, secure, convenient, and affordable electronic fund transfer services. Industry observers note that proprietary “linked account” cash‑in options have been gradually giving way to more transparent, ACH‑based transfers governed under BSP rules. Read more in our articles including "How new BSP rules are reshaping digital banking in the Philippines" and "Banks, e-wallets face new BSP rules on digital payment fees".