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BSP Aims to Boost Economy with Fee-Free QR Code Payments

BSP Aims to Boost Economy with Fee-Free QR Code Payments

The Bangko Sentral ng Pilipinas (BSP) is aiming to revolutionize the Philippine payment landscape by exploring a policy that would make QR code payments free for everyone, potentially leading to wider adoption and greater financial inclusion. A draft circular that is currently under review suggests that payment service providers (PSPs) should offer services like the...