MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) has reminded credit card issuers and their collection agents to respect the rights of their clients and to refrain from engaging in ...

MANILA, Philippines — Banks and financial institutions are being encouraged by the Bangko Sentral ng Pilipinas (BSP) to be environment friendly by reducing, reusing and recycling credit cards.

THE Credit Card Association of the Philippines (CCAP) said the decision of the Bangko Sentral ng Pilipinas (BSP) to maintain the interest rate ceiling on credit cards was the right call.

Similarly, the maximum processing fee on the availment of credit card cash advances remains at P200 per transaction. BSP Governor Felipe M. Medalla said, “The policy aligns the credit card ...

The Bangko Sentral ng Pilipinas (BSP) is tightening its watch over the credit card businesses of local banks to ensure that consumers are protected amid the increasing use of “plastic” money.

THE BANGKO SENTRAL ng Pilipinas (BSP) will allow new credit card issuers to enter the Philippine market, as part of new rules released to implement a new law regulating the industry. In a statement, ...

In the past year following the declaration of a state of calamity due to COVID-19, the Philippines has redefined its tax and regulatory landscape. In exercising its supervisory authority over banks ...

Existing regulations, particularly the Bangko Sentral ng Pilipinas (BSP) Manual of Regulation for Banks, prohibits lenders from giving out pre-approved credit cards. The BSP defines pre-approved ...

MANILA, Philippines — The Credit Card Association of the Philippines (CCAP) has partnered with the Bangko Sentral ng Pilipinas (BSP) to raise consumer awareness on the responsible use of credit ...

The Bangko Sentral ng Pilipinas (BSP) Monetary board announced in a statement on Thursday, December 29, that it has approved the EMV Card Fraud Liability Shift Framework (ECFLSF) which will take ...

The Bangko Sentral ng Pilipinas’ policy-setting Monetary Board has maintained the 24% interest rate per year cap on all credit card transactions, the central bank said Tuesday. In a statement, the BSP ...