Domestic economic activity and financial inclusion efforts are expected to accelerate following the launch of a clearing house under the National Retail Payment System (NRPS).
The Bangko Sentral ng Pilipinas (BSP) on Wednesday launched the Philippine EFT System and Operations Network or PESONet, which is part of initiatives to modernize the country’s retail payment system, increase the use of electronic payments and move to a cash-lite society.
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