Empowering Filipinos with the Future
Established in 2017 under Republic Act No. 11127 or the National Payment Systems Act (NPSA), the Philippine Payments Management Inc. (PPMI) collaborates with the Bangko Sentral ng Pilipinas Supervised Financial Institutions (BSFIs) to advance accessibility and competitiveness in the Philippine payments system through digital payments initiatives.
Designated by the Bangko Sentral ng Pilipinas (BSP) as the Payments System Management Body (PSMB) in 2018 under BSP Circular 980 on the National Retail Payment System (NRPS), PPMI drives the transition from cash-heavy to cash-lite payment transactions, offering faster, safer and more convenient digital financial services.
PPMI is guided by a Board of Directors composed of CEO-representatives from banks (universal, commercial, thrift and rural banks), non-bank E-money issuers (NB-EMIs), and independent executives. Under the Board leadership, PPMI fosters scalable and reliable innovations in digital payments.
All members participate in both or at least one Automated Clearing House (ACH) namely PESONet for batch electronic transfers and InstaPay for instant electronic transfers.
Vision
Enabling a Digital Tomorrow: PPMI envisions a Philippines where seamless digital payments transcend borders and barriers and drive financial inclusion locally and enabling global connectivity.
By fostering innovation, embracing interoperability, and championing accessibility, PPMI empowers individuals, businesses, and communities to thrive in the digital economy.
Mission
To appropriately fulfill its role as the Payments System Management Body (PSMB) as mandated by the Bangko Sentral ng Pilipinas (BSP) under the National Retail Payment System (NRPS) initiative.