New body to oversee NRPS

The central bank and financial institutions involved in the creation of the country’s National Retail Payment System (NRPS) are setting up a project management office that will oversee the system, Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr., said.

“We’ve been talking to the banks, consulting them . . . There was a meeting recently and more details [on the NRPS] were provided, like the creation of project management office that will oversee the setting up of the system,” Tetangco told editors and reporters of The Manila Times in a roundtable on Tuesday.