CONSUMERS and industry stakeholders may have to wait for three to five more years before the proposed national retail payment system (NRPS) becomes a reality, a top central bank official said.

“The target [for NRPS implementation] that the industry is talking about is three to five years,” Bangko Sentral ng Pilipinas (BSP) Deputy Governor Nestor Espenilla Jr. told reporters on the sidelines of the Bank of the Philippine Islands (BPI) Sustainability Summit on Thursday.

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