BSP releases NPSA draft circular to simplify rules 0 SHARES Share it! It laid down the initial phased-in implementation of the NPSA, which prioritizes the creation of a baseline inventory of all operators of payment systems (OPS), according to the BSP. The draft circular has made it possible for OPS and registered payments-related businesses to have a smooth transition period under the provisions of the new law. In addition, the central bank said the draft circular provides “descriptive examples” of activities that will require BSP registration. 11127 and in the draft circular, such institutions will only have to submit a duly accomplished application for registration,” said the BSP.
Source: Manila Bulletin April 24, 2019 14:08 UTC