As a fine example of public-private partnership, the BSP and the payments industry will work together to promote the sound development of the payment system based on the principles of cooperation, good governance, healthy competition and consumer protection.
The second is the signing of the Expression of Interest to establish and activate within this year two specific Automated Clearing Houses (ACHs) that are being prioritized because of their huge potential to immediately provide digital payment solutions to current payment challenges being encountered by government, by businesses, and by ordinary consumers.