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Bangko Sentral ng Pilipinas

Philippines surpasses digital payment target, hits over 50% in 2023
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29 July, 2024

Philippines surpasses digital payment target, hits over 50% in 2023

The Philippines' pursuit of a cash-lite economy is gaining traction, as seen in the BSP's e-payments report, where digital payments...
PH central bank cautions public on AI-driven digital scams, denies endorsement of ‘Tesler Code’ investment
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18 July, 2024

PH central bank cautions public on AI-driven digital scams, denies endorsement of ‘Tesler Code’ investment

In response to false claims circulating online, the Philippine central bank has clarified that Governor Eli Remolona, Jr. does not...
Philippines’ first retail peso-backed stablecoin to be available in June
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10 May, 2024

Philippines’ first retail peso-backed stablecoin to be available in June

Wei Zhou, CEO of Coins.ph, expressed the transformative potential of the PHPC, stating that it "will empower Filipinos to transact...
The Philippines CBDC pilot expected to be completed by end of 2024
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12 March, 2024

The Philippines CBDC pilot expected to be completed by end of 2024

Wholesale CBDC Project Agila is on track to be completed by the end of 2024, with the BSP looking to...
Philippines eyes wholesale CBDC in 2 years; retail version out of the picture
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14 February, 2024

Philippines eyes wholesale CBDC in 2 years; retail version out of the picture

The Philippine central bank said it would not develop a retail central bank digital currency, and the wholesale CBDC will...