List of Payment Systems Registered with BSP - BanksPhilippines (2024)

Here’s a list of Operators of Payment Systems (OPS) with Certificates of Registration from the BSP,

as mandated by the National Payment Systems Act (NPSA), or Republic Act No. 11127, which was signed into law by President Rodrigo R. Duterte last 30 October 2018. This list is updated as of April 3, 2020, as published on the BSP website.

List of Payment Systems Registered with BSP - BanksPhilippines (1)

E-MONEY and ONLINE PAYMENT SYSTEMS

Alipay Philippines Inc. — March 21, 2020
Aurora Integrated Multipurpose Cooperative — February 13, 2020
Betur Inc. — March 24, 2020
CIS Bayad Center Inc. (Bayad Center) — March 19, 2020
Coda Payments Pte. Ltd. — March 17, 2020
DCPay Philippines Inc. — March 21, 2020
Dragonpay Corporation February 21, 2020
Fexco Philippines Inc. — March 2, 2020
G-Xchange, Inc. (GCash) — March 11, 2020
GHL Electronic Payments Inc. February 21, 2020
IOT ACH Services Inc. — March 16, 2020
IPay88 Philippines Inc. — March 16, 2020
Omnipay Inc. — March 26, 2020
Paymaya Philippines Inc. — February 28, 2020
Philippine Seven Corp. — March 17, 2020
PisoPay.com. Inc. — March 19, 2020
Qwikwire Billing Systems Inc. — March 11, 2020
Starpay Corp. — March 21, 2020
UBX Philippines Corp. — March 21, 2020
Unionpay International Co. Ltd. — March 19, 2020
Weepay Payment Processing Corp. — March 25, 2020
Wirecard E-Money Philippines Inc. — April 2, 2020
Zybi Tech Inc. — March 4, 2020

BANKS

Bank of the Philippine Islands — March 25, 2020
Bank of Commerce — March 25, 2020
China Banking Corp. — March 5, 2020
Citibank, N.A. Philippines Branch March 11, 2020
CTBC Bank (Philippines) Corp. — February 27, 2020
Development Bank of the Philippines March 26, 2020
Dungganon Bank (A Microfinance Rural Bank), Inc. March 3, 2020
East West Banking Corp. — March 26, 2020
Equicom Savings Bank, Inc. January 27, 2020
Land Bank of the Philippines — March 26, 2020
Metropolitan Bank & Trust Co. — March 21, 2020
Philippine National Bank — March 19, 2020
Philippine Savings Bank — January 30, 2020
Rizal Commercial Banking Corp. — March 19, 2020
Robinsons Bank Corp. — March 25, 2020
Rural Bank of Maasin (Southern Leyte) Inc. — February 11, 2020
Standard Chartered Bank — February 10, 2020
Sumitomo Mitsui Banking Corp. — March 17, 2020
Sterling Bank of Asia Inc. (A Savings Bank) — March 19, 2020
UCPB Savings Bank Inc. — March 25, 2020
Union Bank of the Philippines — April 2, 2020
United Coconut Planters Bank March 26, 2020

Some top banks, including BDO and Security Bank, are still on provisional registration, but are expected to get certificates before their current registration expire.

PAYMENT NETWORKS
Bangko Sentral ng Pilipinas Payments and Settlements Office — December 16, 2019
Philippine Clearing House Corporation — January 9, 2020
Bancnet Inc. — January 9, 2020
American Express Travel Related Services Co. Inc. — March 18, 2020
Mastercard Asia Pacific Pte. Ltd. — March 21, 2020
JCB International Co. Ltd. — March 25, 2020

Below are Payment Systems with Provisional Certificates of Registration, as of April 2020:

E-MONEY and REMITTERS
2C2P Philippines, Inc. March 25, 2020 to June 25, 2020
Alipay Connect Pte. Ltd. — February 14, 2020 to May 14, 2020
Apollo Technologies Inc. — March 31, 2020 to June 30, 2020
Banana Fintech Services Corp. — January 30, 2020 to April 30, 2020
Brankas Digital Technologies, Inc. — February 17, 2020 to May 17, 2020
Cebuana Lhuillier Services Corp. — March 30, 2020 to June 30, 2020
EasyPay Global EMI Corp. — March 31, 2020 to June 30, 2020
Electronic Network Cash Tellers Inc. (ENCASH) — March 10, 2020 to June 10, 2020
Electronic Transfer and Advance Processing Inc. — February 03, 2020 to May 03, 2020
Expresspay Inc. — March 11, 2020 to June 11, 2020
FSG Technology Ventures Inc. — March 31, 2020 to June 30, 2020
Geniusto Philippines Inc. — January 29, 2020 to April 29, 2020
Inpayments Ltd. — January 30, 2020 to April 30, 2020
IRemit Inc. — March 06, 2020 to June 06, 2020
JazzyPay Inc. — March 23, 2020 to June 23, 2020
Justpayto Philippines Corp. — January 08, 2020 to April 08, 2020
National Confederation Of Cooperatives — April 2, 2020 to July 2, 2020
NeuronCredit Financing Co. Inc. — January 29, 2020 to April 29, 2020
P. J. Lhuillier, Inc. March 27, 2020 to June 27, 2020
Pawnsafe Services Corp. — March 27, 2020 to June 27, 2020
Pawncare Services Inc. — March 25, 2020 to June 25, 2020
Pawnsoft Services Inc. — March 28, 2020 to June 28, 2020
PayMongo Philippines Inc. — January 20, 2020 to April 20, 2020
Peppermint Tech Inc. — March 03, 2020 to June 03, 2020
Perapay Corp. — March 05, 2020 to June 05, 2020
Pito AXM Platform Inc. — December 03, 2019 to June 02, 2020
Sodexo Benefits and Rewards Services Philippines Inc. — March 30, 2020 to June 30, 2020
Tagcash Ltd. Inc. — March 30, 2020 to June 30, 2020
Togetech Inc. March 31, 2020 to June 30, 2020
True Money Philippines Inc. — January 07, 2020 to April 07, 2020
Unionpay International Co. Ltd. — March 20, 2020 to June 20, 2020
Universal Storefront Services Corp. — April 1, 2020 to July 1, 2020
Veritas Pay Philippines Inc. January 28, 2020 to April 28, 2020
Verite Pawn Corp. — March 27, 2020 to June 27, 2020
Xenpay Inc. — October 22, 2019 to April 22, 2020
Zomato Philippines, Inc. — February 20, 2020 to May 20, 2020

BANKS
BDO Network Bank Inc. — March 06, 2020 to June 06, 2020
BDO Unibank Inc. — April 1, 2020 to July 1, 2020
BPI Family Savings Bank Inc. — March 30, 2020 to June 30, 2020
Cantilan Bank Inc. (A Rural Bank) — March 05, 2020 to June 05, 2020
Cebuana Lhuillier Rural Bank Inc. — March 05, 2020 to June 05, 2020
Deutsche Bank AG Manila — March 30, 2020 to June 30, 2020
East West Rural Bank Inc. — February 18, 2020 to May 18, 2020
Isla Bank (A Thrift Bank) Inc. — February 28, 2020 to May 28, 2020
Philippine Bank Of Communications — March 16, 2020 to June 16, 2020
Rural Bank Of Guinobatan Inc. — March 10, 2020 to June 10, 2020
Security Bank Corp. — March 31, 2020 to June 30, 2020

PAYMENT NETWORKS
Megalink Inc. — March 31, 2020 to June 30, 2020
Visa Worldwide Pte Ltd. — January 15, 2020 to April 15, 2020

List of Payment Systems Registered with BSP - BanksPhilippines (2024)

FAQs

Is GCash registered with BSP? ›

GCash is a mobile wallet service by Globe Telecom. MANILA, Philippines — E-wallet giant GCash has secured the approval of the Bangko Sentral ng Pilipinas (BSP) to offer its financial technology services abroad even for users without a Philippine SIM.

What are the digital banks approved by BSP? ›

The BSP declined to identify the two, but the six digital banks operating in the country are UNO Digital Bank, UnionDigital Bank, GoTyme, Overseas Filipino Bank of state-run Land Bank of the Philippines, Tonik Digital Bank and Maya Bank.

What are the electronic payment systems in the Philippines? ›

Digital wallets

The top 4 mobile wallets used by Filipinos in 2020 are as follows: Gcash: 49.4% PayMaya: 41.9% GrabPay: 7.5%

What is the state of digital payments in the Philippines BSP? ›

The result of the BSP's measurement on the level of adoption of digital payments in 2022 is extremely encouraging. The volume of digital payments has grown substantially, reaching 42.1% of the total retail payments while the value of digital payments is now at 40.1%.

Is Maya BSP regulated? ›

Maya Bank, Inc. is regulated by Bangko Sentral ng Pilipinas (BSP).

Which bank owns GCash? ›

GCash is a Filipino mobile payments service owned by Globe Fintech Innovations, Inc. (doing business as Mynt), and operated by its wholly-owned subsidiary, G-Xchange, Inc.

Which Philippine bank can I use internationally? ›

The national government, spearheaded by the Department of Finance (DOF) and the Land Bank of the Philippines (LANDBANK), is reintroducing the Overseas Filipino Bank (OFBank) as the country's first-ever digital-only, branchless bank that allows clients to complete banking transactions anytime and anywhere across the ...

What is the most popular digital bank in the Philippines? ›

Maya is the Philippines' only digital bank app to seamlessly offer savings, credit, e-wallet, crypto, insurance, investment, and rewards. As of early 2024, it is the #1 top-rated consumer finance app with a 4.8 rating on the App Store and 4.5 on Google Play, beating other leading apps.

Is CIMB accredited by BSP? ›

CIMB Bank Philippines is also part of the CIMB Group, one of ASEAN's leading banks present in over 16 global markets, and is regulated by the Bangko Sentral ng Pilipinas as a Commercial Bank.

Which payment gateway is best in the Philippines? ›

Top Payment Gateways in the Philippines
  1. PayPal. PayPal is a global online payments system that supports online money transfers. ...
  2. Maya. Maya is a local payment gateway that provides online payment solutions in the Philippines. ...
  3. DragonPay. ...
  4. 2Checkout. ...
  5. PayMongo.
Aug 9, 2023

Which payment app is used in the Philippines? ›

GCash, a pioneer in the Philippine digital payment scene, stands out with its user-friendly interface and diverse functionalities. Apart from basic transactions and fund transfers, GCash enables users to pay bills, purchase prepaid loads, and even invest in mutual funds—all within the app.

What is the instant payment system in the Philippines? ›

Higala, a new inclusive instant payment system (IIPS), has launched in the Philippines in an effort to lower the cost of real-time payments for the country's financially excluded.

What is the mode of payment for BSP? ›

The BSP preferred method of payment is by direct debit.

What is the most used online payment method in the Philippines? ›

In 2020, nearly 25 million Filipinos used mobile wallets to make or accept online payments. Domestic players GCash and Maya continue to lead the mobile wallet market in the Philippines. Aside from mobile wallets, QR-based payments were also essential alternatives in recent periods.

How to do BSP online payment? ›

Shop on any BSP Pay registered merchant and select your items to purchase. Select the BSP Pay icon from the payment options. Enter your name and BSP Customer ID. Enter the security code sent to your mobile phone to complete payment.

Who regulates GCash in the Philippines? ›

After observing Smart Money and GCash for several years, in March 2009 the BSP issued a Circular 649, which regulates e-money as an activity rather than by the legal character of the e-money issuer.

Is GCash connected to BPI? ›

Link your BPI account

1. On the GCash app, tap "Cash In." 2. Under Online Banks, select “BPI” and tap “Enroll Now.”

How to report GCash to BSP? ›

Alternatively, you may submit to BSP a duly accomplished Complaints, Inquiries and Requests (CIR) Form, which you may access through this link: https://bit.ly/3jOVi79. Please send the CIR form to consumeraffairs@bsp.gov.ph.

What bank accounts can be linked to GCash? ›

Which Mobile Facilities and Online Banking Support GCash?
  • 7-Eleven Barcode.
  • MoneyGram.
  • Western Union.
  • BPI to GCash.
  • PayPal to GCash.
  • RCBC to GCash.
  • Mastercard/Visa Debit to GCash.
  • UnionBank to GCash.
Aug 9, 2023

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