Philippines: BSP sets cap on credit card charges
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is imposing a 24 percent cap on the annual interest rate on all credit card transactions starting Nov. 3 to ease the financial burden of consumers and small enterprises amid the COVID-19 pandemic. In a virtual press briefing, BSP Governor Benjamin Diokno said the imposition of […]
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