Announcements

Protect Your Money Campaign by BSP

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Secure every transaction with NarwhalPay

Whether you are a business owner scaling your online store or an individual managing daily expenses, security is the foundation of every digital transaction. At NarwhalPay, we don’t just process payments – we protect your financial journey.

Digital Literacy Program

The Bangko Sentral ng Pilipinas (BSP) implements a Digital Literacy Program as part of our financial education advocacy. The Program aims to increase public trust and confidence in the digital finance ecosystem and encourage massive usage of digital financial services (DFS) by consumers across all sectors – individuals, corporations, businesses, and even government institutions.

Through strategic communication campaigns, consumers are informed and educated to generate familiarity with DFS; reduce their vulnerability to usage errors, scams and frauds; mitigate risk of loss; protect consumer welfare; and ensure positive customer experiences and outcomes.

A component of this Program is the #Safe at Home with E-Payments Campaign to promote usage of e-payment solutions such as PESONet and InstaPay during the COVID-19 pandemic and beyond. Communication materials are developed and delivered through social and traditional media and shared with fintech and banking industry associations for utilization in their own information drives.

Another component of the Program is a Cybersecurity Awareness Campaign to ensure that financial consumers remain vigilant in practicing appropriate cyber hygiene to protect their accounts and online transactions. These Campaigns are implemented with support from the United States Agency for International Development, particularly the E-PESO Project. A unified set of digital literacy and cyber security messages, when amplified together with key stakeholders, increases recall and resonates more widely among Filipinos, bringing us closer to our shared goal of a cash-lite society.

Customer Centricity Campaign

The Customer Centricity Campaign (C3) is a joint initiative of the Consumer Protection and Education Committee (CPEC) under the Financial Sector Forum (FSF) which serves as a platform for inter-regulator coordination. C3 is a multi-sectoral and long-term campaign to advocate customer centric business conduct among financial institutions supervised by the BSP, Insurance Commission, Philippine Deposit Insurance Corporation and Securities Exchange Commission.

Through C3, financial institutions are encouraged to practice customer centricity – a way of doing business that focuses on positive customer outcomes and experiences. A customer centric financial institution puts the needs and welfare of its customers in mind when designing products and services; when making policy and investment decisions; and by increasing efficiency in all aspects of its operations, including effective redress. Customer centric business conduct can drive customer loyalty, enhance company reputation, and consequently impact profitability.

Protect Your Money

Protect Your Money

Be a smart financial consumer!

Before swiping your credit card, know your options and understand its terms and risks for responsible borrowing and repayment.

Think Before You Swipe

Ask yourself these questions first:

  • Do I really need this?
  • Do I really need to buy this now or can I just save funds first?
  • Can my budget handle paying in installments, including the interest?

Remember to check your credit card's interest, fees, and charges.

Make sure that the total cost and promo details of what you're buying are clear — especially if you're paying in installments.

Think Before You Swipe
Remember

If you encounter issues with payments, remember:

  • You have a right to a fair debt collection. Harassment and threats in debt collection are not allowed!
  • If the bank response to your concerns is not enough, you can reach out to the Bangko Sentral ng Pilipinas.
  • Immediately contact your bank to discuss the appropriate payment arrangement.

Credit cards can help manage budget, but there will always be risks such as online scams and phishing.

To avoid scams:

  • Do not give your card number, CVV, One-Time Password (OTP), or passwords to others.
  • Double-check the sender and avoid clicking suspicious links.
  • Check if there's an unauthorized transaction in the official channel or app.

To avoid penalties:

  • Spend only what you can afford.
  • Know your due date and total amount due.
  • Pay on time to avoid interest and penalties.
  • Avoid minimum payment because it will add more interest.