Na#onal
Retail
Payment
System
and
the
Philippine
E-­‐Commerce
Roadmap
Philippine
E-­‐Commerce
Roadmap
Launch
02
February
2016

NRPS
is
a
policy
and
regulatory
framework
that
aims
to
establish
a
safe,
efficient,
reliable
and
affordable
retail
payment
system
in
the
Philippines
What
is
NRPS?

Retail
payments
are
payments
that
meet
at
least
one
(1)
of
the
following:
a. Not
directly
related
to
a
financial
market
transac#on;
b. SeBlement
is
not
#me-­‐cri#cal;
c. The
payer,
the
payee
or
both
are
individuals
or
non-­‐
financial
organiza#ons;
and/or
d. The
payer,
the
payee
or
both
are
not
direct
par#cipants
in
the
payment
system
that
is
processing
the
payment.1
1/
World
Bank,
October
2012
Retail
Payments
-­‐
DefiniFon

NRPS
–
ObjecFves
• Enable
effec#ve
and
efficient
interface
and
interoperability
using
shared
and
resilient
infrastructure
• Foster
innova#on
and
new
business
models
• Promote
fair
access
and
compe##on
amongst
par#cipants
• Facilitate
the
provision
of
a
wide
range
of
electronically
accessible
payment
products
and
services
• Availability
of
relevant
informa#on
on
retail
payment
system
to
stakeholders

Cost
Savings
25-­‐56%
of
invoice
processing
per
annum
$272
million
or
8.5%
of
net
profit
aTer
tax
of
banking
sector
in
2013
$1.52
per
payment
–
switch
from
check
to
direct
credit
Reduced
cash
handling
cost
Increased
Economic
AcFviFes
Faster
payment
turnover
leads
to
higher
economic
acFviFes
Country
with
high
level
of
electronic
payment
transacFons
per
capita
=
high
level
of
per
capita
income
Bigger
Market
98%
of
unbanked
Filipinos
can
be
banked
through
electronic
channels
Cross
selling
opportuniFes
ANew
Business
Models
Bank
and
Non-­‐bank
partnerships
Government
and
Private
partnerships
Industry-­‐wide
collaboraFon
Benefits
of
NRPS
Reduced
Risks
Enhanced
Risk
Management
EffecFve
and
efficient
retail
payment
system

Current
E-­‐Payment
System

NaFonal
Retail
Payment
System
(NRPS)
Clearing
Operator
Client’s
Transaction
Account
Merchant’s
Transaction
Account
24/7
Near real-
time
SETTLEMENT

Cost
savings
Increased
efficiencies
Convenient
and
easy
Fast
and
secure
Ra#onaliza#on
of
resources
Cash
flow
advantages
Less
expensive
alterna#ve
Benefits
of
Electronic
Funds
Transfer
(EFT)

Real-­‐Time
Low
Value
Push
Payments

Q
&
A