RANG-AY PRESIDENT ELECTED AS PPMI DIRECTOR

Rang-ay Bank President & CEO Ives Jesus Nisce II was elected as a Director of the Philippine Payments Management, Inc. (PPMI) last September 20, 2021 representing the rural banking sector. The PPMI Board is composed of representatives from the universal and commercial banks, thrift banks, rural banks, and non-bank e-money issuers (NB-EMIs), as well as independent executives that represent broader public interests.

The PPMI is the Philippines’ duly recognized self-governing body tasked to support the Bangko Sentral ng Pilipinas (BSP) in overseeing proper operations and monitoring the implementation progress of the National Retail Payment System (NRPS) by enforcing its governance framework. PPMI also manages the two (2) major Electronic Fund Transfer (EFT) services in the Philippines, the PESONet and InstaPay. are both trustworthy and reliable fund transfer services backed by the BSP, so your decision to choose your EFT service boils down to a few factors aside from the transaction fee.