BSP pushes payment-use cases for strategic sectors

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The story "BSP pushes payment-use cases for strategic sectors" was covered 1 days ago by Business Mirror, a news publisher based in Philippines.

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BSP pushes payment-use cases for strategic sectors - Business Mirror

Quick Summary:

THE Bangko Sentral ng Pilipinas (BSP) is eyeing payment service providers (PSPs) to adopt a National Quick Response (QR) Code system for strategic sectors without charging fees.

Meanwhile, PSPs are entities that provide payment and financial services to end-users, such as banks and non-bank electronic money issuers.

PSPs shall also ensure that the threats and vulnerabilities arising from their QR-enabled payment and financial services are identified, measured, monitored, and controlled accordingly.