BSP Signs MOU to Bolster ASEAN Cross Border Payments

Bangko Sentral ng Pilipinas (BSP) Deputy Governor Mamerto E. Tangonan (left photo, right) shakes hands with Bank Indonesia Governor Perry Warjiyo after signing the Memorandum of Understanding (MOU) on regional payment connectivity at the sidelines of the G20 Leaders' Summit held on 14 November 2022 in Bali, Indonesia. "The MOU concretizes the collaborative approach to enhancing cross-border payments in the Association of Southeast Asian Nations (ASEAN)," said Deputy Governor Tangonan. Right photo shows the leaders of ASEAN central banks that inked the MOU, namely, Bank of Thailand Deputy Governor Ronadol Numnonda, Monetary Authority of Singapore Managing Director Ravi Menon, Governor Warjiyo, Bank Negara Malaysia Governor Nor Shamsiah Mohd Yunus, and Deputy Governor Tangonan.