The Bangko Sentral ng Pilipinas (BSP) reported a big jump in PESONet transactions, following the implementation of a multiple batch settlement (MBS) facility for the electronic funds transfer service.
THE Bangko Sentral ng Pilipinas reported a big jump in PESONet transactions, following the implementation of a multiple batch settlement facility for the electronic funds transfer service.
In January this year, the BSP and the Philippine Payments Management, Inc. launched the MBS to increase the frequency of PESONet settlements from once to twice a day. Settlements are done at 10 AM and 4 PM on weekdays. Then BSP Governor Benjamin Diokno earlier said the MBS will not only allow for more volume clearances, it will also help in the risk management of participating banks.
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