BSP to roll out cross-bank auto-debit this yearBy enabling cross-bank auto debits, the central bank expects to reduce friction for consumers and improve collection efficiency for billers. MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is preparing to roll out an interoperable auto-debit facility for bill payments this year, building on a pilot conducted in 2025 and expanding the system beyond same-bank arrangements. He noted that while some billers already offer auto-debit functions, the new facility is designed to work across different banks. Under the current setup, auto-debit arrangements usually require the customer’s deposit account and the biller’s bank to be the same. Beyond domestic payments, Tangonan also pointed to cross-border initiatives that will be rolled out this year as the Philippines holds the Association of Southeast Asian Nations (ASEAN) chairmanship.
