Archive
Philippines’ SEC Moves to Block Binance Amid Licensing Concerns
In a significant development, the Philippines’ Securities and Exchange Commission (SEC) has escalated its actions against the unlicensed operations of Binance, the globally renowned leading cryptocurrency exchange, until recently. This move comes after the SEC’s decision, during their meeting on
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YGG Partners with Coins.ph for Efficient Token Transfers to Ronin
In an effort to streamline and economise the transfer of its tokens to the Ronin blockchain network, Yield Guild Games (YGG) has joined forces with the cryptocurrency exchange Coins.ph. This collaboration aims to alleviate the financial burden for those involved
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BSP Introduces Payment Manual To Sets Standards for System Participants
In an effort to consolidate and clarify the regulatory framework of the Philippines’ National Payment System (NPS), the Bangko Sentral ng Pilipinas (BSP) has introduced its first-ever Manual of Regulations for Payment Systems (MORPS). According to the central bank, the
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BPI to Sell Entire Stake in GoTyme Bank Following Strategic Review
The Bank of the Philippine Islands (BPI) has decided to divest from digital bank GoTyme, selling its entire stake acquired following the merger with Robinsons Bank Corp (RBC). This involves offloading 752,056,290 common shares, with the transaction valued at roughly
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Redefining Resilience for Banks in the Digital Era With the Four Zeros
The banking industry stands at the brink of a major transformation, driven by rapid technological advancements and changing customer expectations in a dynamic digital landscape. This transformation is not without its challenges, as banks grapple with the critical task of
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RCBC Announces Nationwide Expansion of ATM Go Network
Rizal Commercial Banking Corporation (RCBC) has announced a significant expansion of its RCBC ATM Go network, reportedly establishing it as the Philippine bank with the broadest mobile point-of-service merchant network. According to the bank, this expansion extends across all 82
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Overseas Filipinos in 16 Countries Can Now Access GCash App Without Local SIMs
GCash, the leading mobile wallet in the Philippines has made its app available to overseas Filipinos in 16 countries across Asia, Europe, and North America. The service, now known as GCash Overseas, enables Filipinos in those 16 new countries to
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Fintech Alliance.PH and BSP Deepen Commitment to Philippines Digital Finance
The Fintech Alliance.PH, the Philippines’ fintech organisation, engaged with the Bangko Sentral ng Pilipinas (BSP), signalling a strengthened partnership to bolster the nation’s digital financial ecosystem. This courtesy visit was an avenue to reflect on the fintech industry’s growth, spotlighted
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Neobank Zed Unveils “No-Fee” Credit Card in the Philippines
Zed, a credit-led neobank, has introduced what is described as the country’s first credit card that will do away with several common charges. This card uniquely features no foreign transaction fees, interest, or annual charges — it is being billed
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“Big Bang” Bank Upgrades Spell Trouble, Mambu Makes Case for Incremental Change
Core banking systems serve as the backbone of financial operations and customer interactions for banks worldwide. They facilitate critical transactions like loan management, withdrawals, and deposits in real-time. However, maintaining such a system comes at a hefty cost. Financial institutions
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