At present, there are 150 accredited payment system operators, with the oldest having been accredited since late 2019 and the newest receiving central bank imprimatur only earlier this month.

The Bangko Sentral ng Pilipinas (BSP) has issued standardized reporting requirements for operators of payment systems (OPS) and also required periodic independent reviews of such reports. Approved on ...

RBI said PSOs cannot outsource core management functions , including risk management and internal audit, compliance and decision-making functions such as determining compliance with KYC norms.