In a press briefing, BSP Deputy Governor Mamerto Tangonan said the central bank is targeting to launch the first use-case of RTP, the RTP Cash-in Service, in the second half of this year.
The RTP Cash-In Service will allow e-money users to top up their favorite e-money accounts using any bank or other e-wallet platforms seamlessly.
Meanwhile, the second use-case of RTP that a consumer can use for e-commerce would be launched next year, he said.
"(Online payments) can be frustrating because if you are (shopping on) an e-commerce site and it only supports some payment service providers that unfortunately you don't have an account in, then you couldn't make that payment," Tangonan said.
"So we would like to make that fully interoperable through Request to Pay for e-commerce," he said.
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Esta historia es de la edición July 25, 2024 de The Philippine Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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One-sided information
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