Bangko Sentral Ng Pilipinas
Bangko Sentral ng Pilipinas (BSP). The partnership with the Philippines’ Central Bank allows PHILPaCS to transfer funds online within participating banks virtually in real time. The capability to transfer funds interbank allows PHILPaCS to pull money from any capable banks (universal, commercial, thrift, savings, or even rural banks) and transfer to designated merchants, government units, and individuals. The fund transfer can be used to pay bills & products (merchants), pay government obligations (real property tax, business permits, government fees) and both foreign and domestic remittances (individuals).