{"id":95344,"date":"2017-03-24T04:22:06","date_gmt":"2017-03-24T08:22:06","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=95344"},"modified":"2017-03-24T04:22:06","modified_gmt":"2017-03-24T08:22:06","slug":"bsp-requires-remittance-companies-to-make-their-fees-public","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/03\/24\/bsp-requires-remittance-companies-to-make-their-fees-public\/","title":{"rendered":"BSP requires remittance companies to make their fees public"},"content":{"rendered":"<figure id=\"attachment_84235\" aria-describedby=\"caption-attachment-84235\" style=\"width: 960px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/01\/Bangko-Sentral-ng-Pilipinas.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-84235\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/01\/Bangko-Sentral-ng-Pilipinas.jpg\" alt=\"Bangko Sentral ng Pilipinas-regulated remittance service providers, other than banks, are now required to post their domestic remittance fees in conspicuous places within their premises and their websites. (Photo: Bangko Sentral ng Pilipinas\/Facebook)\" width=\"960\" height=\"473\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/01\/Bangko-Sentral-ng-Pilipinas.jpg 960w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/01\/Bangko-Sentral-ng-Pilipinas-300x148.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/01\/Bangko-Sentral-ng-Pilipinas-768x378.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/a><figcaption id=\"caption-attachment-84235\" class=\"wp-caption-text\">Bangko Sentral ng Pilipinas-regulated remittance service providers, other than banks, are now required to post their domestic remittance fees in conspicuous places within their premises and their websites. (Photo: <a href=\"https:\/\/www.facebook.com\/BangkoSentralngPilipinas\/photos\/a.335647726499063.76156.154917097905461\/920355694694927\/?type=1&amp;amp;theater\">Bangko Sentral ng Pilipinas\/Facebook<\/a>)<\/figcaption><\/figure>\n<p>MANILA\u2014Bangko Sentral ng Pilipinas-regulated remittance service providers, other than banks, are now required to post their domestic remittance fees in conspicuous places within their premises and their websites.<\/p>\n<p>This after the central bank\u2019s policy-making Monetary Board (MB) decided to level the playing field for all players, the BSP said in a statement issued Friday.<\/p>\n<p>This move was initially required from banks, through Circular No. 928 Series of 2016 issued on Oct. 24 last year.<\/p>\n<p>The circular said all fees related to domestic remittance transactions should be \u201ccharged upfront from the sender\/remitter\u2019s end, with appropriate disclosure to the sender\/remitter of the components of the fees being changed\u201d.<\/p>\n<p>\u201dThe intention is to improve the transparency of remittance charges and enable consumers to determine the most cost-efficient means of sending remittances,\u201d the BSP said.<\/p>\n<p>\u201dThis is in line with the objective of the BSP to foster a robust consumer regulatory environment to enable citizens to make wiser financial decisions and to contribute actively to the promotion of financial stability.\u201d<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u2014Bangko Sentral ng Pilipinas-regulated remittance service providers, other than banks, are now required to post their domestic remittance fees in &hellip;<\/p>\n","protected":false},"author":33,"featured_media":84235,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[1216],"class_list":["post-95344","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bangko-sentral-ng-pilipinas","mauthors-joann-s-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/95344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=95344"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/95344\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/84235"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=95344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=95344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=95344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}