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.
This story is from the July 25, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 25, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Travellers cooking up new concept with Gordon Ramsay
Travellers International Hotel Group Inc., the leisure and tourism arm of Andrew Tan's Alliance Global Group Inc. (AGI), could be cooking up something new with internationally renowned and multi Michelin-starred chef Gordon Ramsay.
Tiu refiles civil case vs Greenergy, MIS
The camp of businessman Antonio Tiu has refiled a civil case against listed Greenergy Holdings Inc.and MIS Maritime Corp. following an earlier court dismissal.
BSP profit soars to P85.5 B in H1
The Bangko Sentral ng Pilipinas (BSP) more than tripled its earnings to P85.5 billion in the first half, from P19.86 billion in the same period last year, mainly driven by higher revenues and lower spending.
Teach the brat respect
Once in a while, some members of Congress manage to remember their obligation to the nation.
AYALA LAND'S 36-YEAR LEGACY OF TRANSFORMING PHILIPPINE REAL ESTATE
For more than three decades, Ayala Land, Inc. (ALI) has been an integral part of the lives of generations of Filipinos. As a trailblazer in the property industry, the company has continuously created vibrant communities that have become home to families, businesses, and individuals.
It's too late
“And it’s too late, baby, now it’s too late. Though we really did try to make it. Something inside has died. And I can’t hide, and I just can’t fake it.”
Semirara sees better earnings in H2
Consunji-led Semirara Mining and Power Corp.(SMPC) is poised for a financial uplift in the second half of the year amid stable coal prices and a revitalized energy business.
AGI investing $300 M for new Boracay resort
Alliance Global Group Inc.(AGI) of tycoon Andrew Tan intends to pour in about $300 million for the development of another integrated resort development in the Visayas.
What to expect under a new NAIA
They say a journey of a thousand miles begins with a single step.What is this single step then when the task is to rehabilitate a 76-year-old airport known to many as one of the world's worst gateways?
Foreign debt jumps to $130.2 B in June
The country's external debt hit another all-time high of $130.18 billion as of end-June, inching up by 1.2 percent from $128.69 billion in end-March as both the national government and the private sector borrowed more from offshore creditors.
