An entity established by banks has been recognized by monetary authorities as a management body for the nascent National Retail Payments System (NRPS).
“Notice is hereby given that the Monetary Board, in its Resolution No. 59 dated 11 January 2018, recognized the Philippine Payments Management Inc. (PMMI) as the payments system management body (PSMB) under the National Retail Payments System (NRPS) Framework provided in BSP Circular No. 980,” the Bangko Sentral ng Pilipinas said in a circular released on Tuesday.
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