Sunday, September 27, 2020

Arroyo bats for safe, reliable payment systems

Jun 16, 2017 @ 12:20
Spread the love

Pampanga Second District Representative Gloria Macapagal-Arroyo is seeking to ensure the safety and reliability of the country’s payment systems such as debit cards, credit cards, and electronic fund transfers.

House Bill No. 5000 mandates the government to promote high-quality operations of payment systems and provide an environment conducive to the sustainable growth of the economy.

It also aims to control systemic risk in the circulation of money or movement of funds.

The proposed measure also seeks to grant the Bangko Sentral ng Pilipinas the authority to oversee the payment systems.

The BSP will be granted with supervisory and regulatory powers to ensure their security and stability.

Politiko would love to hear your views on this...

Spread the love
The comments posted on this site do not necessarily represent or reflect the views of management and owner of We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.

Trending News

Want Politiko alerts on your inbox? Subscribe here.