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BSP retains 2% monthly credit card interest cap
Posted On November 15th, 2022
The 2% monthly interest rate ceiling on credit card transactions has been maintained by the Bangko Sentral ng Pilipinas’ (BSP) policy-setting Monetary Board (MB).
In a statement on Tuesday, the BSP said the MB decided to maintain th…
Reduction of consumer transaction fees on cards expected to boost contactless payment availability
Posted On November 14th, 2022
Some of the consumer transaction fees for using cards will be coming down on Sunday and it is expected to drive up the availability of contactless payments.
The recent introduced Retail Payment System legislation sets limits on card…
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