Regulatory Alerts2024-12-13
M-2024-040: Revised Survey on Pricing of Digital Payments
Bangko Sentral ng Pilipinas issued Memorandum No. M-2024-040 to update the Survey on Pricing of Digital Payments for all supervised institutions. The directive mandates that submissions starting January 2025 be made via an online MS Forms link, replacing previous PDF requirements, and introduces new questions regarding non-bank asset values and off-us transaction costs. Institutions must provide detailed annual and per-transaction cost data for services like InstaPay, PESONet, and cards, while ensuring all numeric values are reported in Philippine Pesos without abbreviation.
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