The BSP said OTPs as an authentication method are becoming “obsolete.” Other central banks in the region, like Singapore, have begun to gradually phase out OTPs as a means for bank account logins ...

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GENERAL SANTOS CITY (PIA) – The Bangko Sentral ng Pilipinas (BSP) highlighted the new polymer banknotes are “stronger, cleaner, and smarter.” Discussing the characteristics of the country’s new ...

The Bangko Sentral said no one has applied for a new digital bank license yet after the central bank reopened the application process this year.

The Bangko Sentral is considering the removal of OTP or one-time password for digital bank transactions, an official said.

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The Bangko Sentral ng Pilipinas (BSP) is encouraging banks to upgrade their security systems, as one-time passwords (OTPs) may eventually become obsolete for banking transaction authentication. “What ...

The earliest we’ve seen so far is three years. They’re really new, so it will take time,” she said. Fonacier also said the BSP will assess all future applications based on a thorough evaluation. "As ...

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