What is the PhilPaSSplus?
The PhilPaSSplus enables the efficient and low-risk settlement of large-value funds transfers between financial institutions. It also facilitates the settlement of fixed-income security trades, FX trades, and other financial market transactions. By settling retail payment clearing results, the PhilPaSSplus ensures that individuals, businesses, and the government can securely send and receive money through several channels – check, ATM, InstaPay, and PESONet.
WATCH this video to learn more about the PhilPaSSplus.