BSP Collection Goes Digital
The National Retail Payment System (NRPS) raised the expectations on the
BSP. As the organization tasked to push for digitalization of payments, the BSP has to “walk the talk†by pursuing the digitalization of its retail transactions, particularly from both its internal and external stakeholders.
In line with BSP’s advocacy to promote digital payments and to provide BSP’s clients with accessible payment facilities especially during this pandemic, the BSP is launching the New Order of Payment System or NOPS.
NOPS is designed as a secure web-based system easily accessible to the public through the internet. The main feature of the NOPS is the availability of various payment channels where the BSP’s clients can pay their obligations to the BSP. Payments can be made to the BSP Depository Banks through the following:
1. Over-the-counter;
2. Mobile or online banking; and
3. Payment gateway (e.g.,
VISA/
Mastercard debit or credit card*)
In the pipeline are other payment channels such as payment via PESONet and Instapay gateways, e-money service providers and other payment partners.
Asset Management Department clients may also use NOPS to generate their own Order of Payment statements, inquire status, and download Official Receipts (OR).
Among the transactions to be collected by the BSP through the NOPS are the following:
Property amortizations and lease rentals;
Licensing and registration fees of new banks, pawnshops and money service businesses;
Sale of bidding documents and payment of bid securities;
Sale of BSP corporate items; and
Other amounts due to the BSP.
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