📰 This time, the Philippine central bank is not moving on currency prices, but on payment licenses. A draft circular shows that BSP plans to suspend for one year the acceptance of new applications for payment system operator registration, license issuance, and related authorizations.
🔥 OPS covers entities operating payment and money transfer arrangements in the Philippines. The official reason is straightforward: first reclassify existing operators, then review the licensing framework as a whole. For teams preparing to enter the local payments market, the application timeline could be disrupted.
💡 The draft also includes a more specific move: establishing a central database of QR payment merchants. Merchants receiving payments through the Philippine national QR code standard will have their identity, business registration, licenses, payment service providers, settlement accounts, owners, and risk classifications included.
👀 Merchant status will also be marked as active, restricted, suspended, or terminated, while oversight of intermediary links between financial institutions and merchants will be strengthened. To be honest, this design is no longer simple registration; it is meant to clarify the relationships among merchants, accounts, and service providers.
🤔 If the suspension is ultimately implemented, who do you think will be affected first: new payment companies preparing to apply for licenses, or merchants relying on QR code payments?
#菲律宾央行 #支付牌照 #二维码支付 #金融监管
🔥 OPS covers entities operating payment and money transfer arrangements in the Philippines. The official reason is straightforward: first reclassify existing operators, then review the licensing framework as a whole. For teams preparing to enter the local payments market, the application timeline could be disrupted.
💡 The draft also includes a more specific move: establishing a central database of QR payment merchants. Merchants receiving payments through the Philippine national QR code standard will have their identity, business registration, licenses, payment service providers, settlement accounts, owners, and risk classifications included.
👀 Merchant status will also be marked as active, restricted, suspended, or terminated, while oversight of intermediary links between financial institutions and merchants will be strengthened. To be honest, this design is no longer simple registration; it is meant to clarify the relationships among merchants, accounts, and service providers.
🤔 If the suspension is ultimately implemented, who do you think will be affected first: new payment companies preparing to apply for licenses, or merchants relying on QR code payments?
#菲律宾央行 #支付牌照 #二维码支付 #金融监管
