The BSP, the Bank for International Settlements (BIS) and four other Asian central banks will now work on the next stage of connecting their instant payment systems (IPS) seamlessly.
“Phase four will see the Central Bank of Malaysia, the BSP, the Monetary Authority of Singapore, the Bank of Thailand and domestic IPS operators – who worked together in phase three – joined by the Reserve Bank of India, expanding the potential user base to India’s Unified Payments Interface (UPI), the world’s largest IPS,” it said.
Bank of Indonesia will continue to be a special observer to the project. The Indonesian central bank took part in phase three and will continue in this capacity to follow the project in the next stage of its development.
Denne historien er fra July 07, 2024-utgaven av The Philippine Star.
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Denne historien er fra July 07, 2024-utgaven av The Philippine Star.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Gov't urged to fast-track coffee, coconut intercropping
The government should prioritize intercropping coffee with coconut in at least 144,000 hectares of land in the CALABARZON region to achieve sufficiency in coffee under its program bankrolled by the coconut levy trust fund, industry groups said.
Meralco affiliate keen on 600-MW Singapore power project
Pacific Light Power Pte.Ltd., an affiliate of Manila Electric Co. (Meralco), has expressed interest in joining the bidding to develop one of two new power plants in Singapore.
BOSALES Cebu Pacific receives 3 new Airbus planes
Low-cost carrier Cebu Pacific has received an additional three aircraft from Airbus to support its fleet expansion, as the airline closes in on its busiest season with new routes to be flown to.
BAP expects formal PSE offer for PDS stake buyout this week
The Bankers Association of the Philippines (BAP) is expecting a formal offer from the Philippine Stock Exchange Inc. (PSE) in buying its stake in the Philippine Dealing System Holdings Corp. (PDS) this week.
NAIA passengers breach 25-M mark
The Ninoy Aquino International Airport (NAIA) grew its passenger numbers by double digits in the first semester, putting it on track to hit the 50 million mark by yearend.
BSP can hold rates 'for the time being'
The Bangko Sentral ng Pilipinas (BSP) can keep the country's policy settings unchanged, but a rate cut is still possible if price pressures continue to ease.
YULO'S NAME ETCHED IN HISTORY
Maybe to many or for some, life is never clear.
BAMBOL'S FORECAST ON TARGET
A few days before the Paris Olympics began last week, POC president and Tagaytay City Mayor Bambol Tolentino boldly predicted the Philippines would deliver more medals than the haul at the 2020 Tokyo Games
UK PM holds emergency meeting over far-right riots
UK leader Keir Starmer will hold an emergency response meeting today after further far-right riots broke out across England over the weekend following the murder of three children last week.
Israel says no change in defense policy for now'
Israel's army said Sunday it had not changed \"as of now\" its policy for protecting civilians, as Iran and Hezbollah are expected to avenge killings blamed on Israel of two senior members.