News: bsp
UNO Digital Bank maintenance: what UNO and the BSP say
UNO says its unscheduled maintenance from October 11 did not affect funds; the BSP may take supervisory action.
August 2026 OFW remittances: cash up 1.9% to US$3.035 billion
Cash remittances rose 1.9% to US$3.035 billion in August 2026, for a January to August total of US$23.424 billion.
BSP tally: 48 institutions have waived InstaPay and PESONet fees
48 BSP-supervised institutions had zero InstaPay and PESONet fees as of July 31, 2026; GCash and Maya still charge ₱10.
BSP: cash remittances rise 1.9% to US$3.24 billion in July 2026
Cash remittances rose 1.9% to US$3.240 billion in July 2026, for a January to July total of US$20.389 billion.
BSP draft proposes 12-month pause on new payment operators
A BSP draft circular would halt new payment operator applications for 12 months and create a QR merchant database.
Cash remittances up 1.7% to US$3.039 billion in June 2026
June 2026 cash remittances reached US$3.039 billion, the highest monthly level of the first half, per BSP data.
BSP says Circular 1238 is not an order to make transfers free
The BSP says the circular sets how transfer fees are priced, not a zero fee; GCash and Maya keep their ₱10 InstaPay fee.
BSP warns of donation scams using Benjamin Diokno's name
The BSP warns that scammers are soliciting donations in the name of Monetary Board member Benjamin Diokno.
BSP: banks may have to repay scam victims; 500 AFASA cases filed
The BSP says a bank whose non-compliance caused a loss may have to repay it in full; the PNP has filed 500+ AFASA cases.
Cash remittances up 2.0% to US$2.713 billion in May 2026
May 2026 cash remittances rose 2.0% to US$2.713 billion, with US$14.110 billion for January to May, per BSP data.
BSP asks GCash, Maya and others to explain their fees
On July 8, 2026 the BSP asked GCash, Maya and others to explain their fee structures, without penalties yet.
BSP Circular 1238 takes effect, tying off-us fees to on-us
From July 4, 2026, Circular 1238 bars charging materially more for off-us transfers than on-us ones plus switch cost.