This circular raises the evidentiary standard in preliminary investigations from mere probable cause to prima facie evidence with reasonable certainty of conviction. The preliminary evidence must establish a credible and convincing basis to believe the accused could reasonably be convicted at trial. BSP data show that digital payments accounted for 72.2 percent of payments made by individuals in 2025. The progress achieved by our digital payments system is due, to a major extent, to the regulatory leadership provided by the Bangko Sentral ng Pilipinas. Global research uncovers the connection between the reach of digital payments systems and the resilience of economies.

Source: Philippine Star March 16, 2026 16:35 UTC