Covid19

ING Banks: COVID-19 Is Causing Fillipinos to Save More

Dutch financial giant and all-digital bank in the Philippines, ING Bank, said that the rise of the “savings mentality” during the quarantine period can be sustained even after the COVID-19 pandemic in the Philippines. In a report by ING’s research

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Philippines’ RCBC is Thriving Despite COVID-19 Pandemic

Yuchengco-led Rizal Commercial Banking Corporation (RCBC) is reporting record-highs in digital growth amid the pandemic and Philippines’ enhanced community quarantine (ECQ). The bank is seeing triple-digit growth of up to 821% in key metrics of RCBC’s online and mobile facilities

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BSP Monetary Board Grants RCBC Approval Distribute COVID-19 Relief Fund

The Bangko Sentral ng Pilipinas (BSP) granted authority to Rizal Commercial Banking Corp. (RCBC) to accept government funds to assist the social amelioration program under the Bayanihan to Heal as One Act. RCBC is the first private universal bank permitted

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COVID-19: UnionBank’s Platform Accelerates Online Donations for Philippine NGOs

Union Bank of the Philippines through its UShare platform, is enabling non-government organizations (NGOs) in the country digitize with some recording up to 30-fold increase in daily online donations after an Enhanced Community Quarantine was imposed on March 17. With

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Philippines’ Financial Industry and NGO Groups Link For Faster COVID-19 Subsidy Delivery

Private companies join hands in support of the government’s social amelioration program to Filipinos severely affected by the COVID-19 enhanced community quarantine (ECQ) through the promotion of alternative encashment facilities nationwide. In an agreement signed today, an operational plan was

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Philippines’ Fintech Industry Group Drives Cashless Initiative Amidst COVID-19 Outbreak

Amidst the current contagion of potential pandemic proportions, the Philippines has reported a series of confirmed COVID-19 cases in the last four days. Given the high risk of local transmission, the Fintech Alliance.ph has heightened its awareness campaign on the

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