National Payment Systems Act
National Payment Systems Act (Republic Act No. 11127) · st:ph-ra-11127
Primary text ↗Verified
Dates
no data
In force from
Key provisions
2 in the graphThe article’s own text, quoted verbatim from the primary source below — a citable fact, not a summary. No plain-English explanation is shown: writing one would be legal analysis nobody sourced (docs/RULES.md R1). That register is reserved should sourced explanations be added later, and will never share this card’s styling.
Section 9 (Designation of Systemically Important Payment Systems and Operators)
prov:ph-npsa-s9
ARTICLE TEXT — VERBATIM
no data
PLAIN-ENGLISH EXPLANATION
Not built — see docs/RULES.md R1. This register is reserved for a future, separately sourced and cited explanation; it will never be filled with unsourced prose.
Grants (in the graph) Execute payment transactions (direct debits, card payments, credit transfers), Money remittance, Payment initiation services
Section 15 (Electronic Money Issuers — BSP Circular authority)
prov:ph-npsa-s15-emi
ARTICLE TEXT — VERBATIM
no data
PLAIN-ENGLISH EXPLANATION
Not built — see docs/RULES.md R1. This register is reserved for a future, separately sourced and cited explanation; it will never be filled with unsourced prose.
Grants (in the graph) Issue electronic money, Execute payment transactions (direct debits, card payments, credit transfers)
National regimes implementing it
2 regimesOne statute, implemented differently by each regime below — the same directive granting different activities, client types and capital figures market by market.
WhereAuthorityRegimeCapital · transitionFirms
PHBangko Sentral ng PilipinasElectronic Money Issuer / Philippines / National Payment Systems ActIssue electronic money, Place cash on a payment accountno datano data6
PHBangko Sentral ng PilipinasOperator of Payment System / Philippines / National Payment Systems ActExecute payment transactions (direct debits, card payments, credit transfers)no datano data0
Sources
No provision on this page carries a source URL yet.
Need this implemented in your product?
I turn requirements like these into flows, vendor setups, tests and audit evidence.
Page: regulatory dates