The Bankers Association of the Philippines (BAP) renews its strategic engagement with Citi Philippines and the Philippine Clearing House Corp. (PCHC) for the continued operation and enhancement of the Philippine Domestic Dollar Transfer System (PDDTS) and the Payment-versus-Payment (PvP) System. The agreement, formally signed during a ceremony on Aug. 28, 2025, extends their collaboration until Aug. 17, 2030. Attending the event are (from left) Elfren Antonio Sarte, former chairman, BAP Operations Committee; Paul Raymond Favila, CEO and banking head, Citi Philippines; TG Limcaoco, president, BAP; Emmanuel Barcena, president and CEO, PCHC; Apple Junio, co-chairperson, Subcom on Payments Clearing and Settlement; and Benjamin Castillo, managing director, BAP.
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