Banks to offer EFPS starting November 30 12 SHARES Share it! Share TweetBy Lee C. ChipongianBanks and non-banks have been instructed to transact electronic financial and payment services (EFPS) through PESONet and InstaPay by November 30 this year to facilitate fund transfer. 980, or the circular for the adoption of the National Retail Payment System (NRPS). The BSFI is also instructed to inform the BSP Payment System Oversight Department within 10 banking days from the date of transaction. PPMI currently has 74 members, of which 41 are big banks, 17 are thrift banks, 11 rural banks and five EMIs.

Source: Manila Bulletin September 13, 2018 13:52 UTC