Payments

Key ISO 20022 alignment rules for retail payments: messaging data standards, transparency obligations, rulebook governance, and a two-year transition plan.

New BSP rules limit large cash payouts above PHP 500,000, require non-cash channels, and mandate enhanced due diligence and STR protocols.

MORB/MORNBFI updates adopt the Global Master Repurchase Agreement (GMRA) for BSP repo and reverse repo facilities, plus related settlement and check-clearing revisions.

AFASA rules for disputed fund holds: triggers, timelines, coordinated verification, reporting, and transition periods for BSIs.

IT risk and fraud controls for EPFS: FMS requirements, transaction pause rules, customer protections, and CSO obligations under AFASA.