The Bangko Sentral ng Pilipinas (BSP) has raised the maximum monthly add-on rate that banks can charge on credit card instalment loans to 1.5% from 1%, while keeping the 3% monthly cap on credit card…
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View MoreLaunching a new financial product has often meant waiting for a core vendor to fulfil change requests, building workarounds, or...
Read MoreThere are only a few things in the world that are more costly than downtime. Research indicates that…
Bank of the Philippine Islands (BPI) has reduced its InstaPay interbank fund transfer (IBFT) fee to PHP 10,…
Visa and the Philippine Postal Corporation (PHLPost) have formed a partnership to broaden financial services and access, particularly…
Salmon is partnering with the Philippine Statistics Authority (PSA) to integrate the National ID eVerify system into its…
Tonik has announced a significant milestone: disbursing 1 million loans since its launch. This achievement underscores Tonik’s commitment to…
The Philippines Securities and Exchange Commission (SEC) is struggling to combat investment scams that utilise deepfake technology. SEC…
UnionBank of the Philippines is pursuing significant debt market issuance initiatives to reinforce its digital banking operations. The…
The Philippines’ banking sector is made up of various financial institutions, including universal and commercial banks, thrift banks,…
PLDT, a telecommunications company in the Philippines, is considering increasing its stake in Maya Innovations, its fintech subsidiary.…
Maya reported significant growth in 2024, with over 125,000 credit cards issued in six months. The company has…
RCBC and the Commission on Filipinos Overseas (CFO) have partnered to promote digital finance literacy and expand digital…
The Bangko Sentral ng Pilipinas (BSP) projects that digital banks in the Philippines will remain unprofitable, much so,…
Philippines mobile payment service provider GCash has partnered with Viamericas, a US-based money transmitter. The partnership is to…
Palawan Group of Companies (PGC) secured three major awards at the 12th Annual International Finance Awards 2024, held…
CTBC Bank Philippines and Hitachi Asia have collaborated to update corporate banking services with a new Corporate NETBanking…
Rizal Commercial Banking Corporation (RCBC) has partnered with Soft Space, a Fintech-as-a-Service (FaaS) provider, to introduce RCBC Tap-to-Phone.…
The Philippines has officially exited the Financial Action Task Force (FATF) grey list. This marks a major milestone…
Overseas Filipino workers (OFW) sent over USD $38.34 billion in remittances back to the Philippines in 2024, marking…
The Bangko Sentral ng Pilipinas (BSP) has introduced the Financial Cyber Resilience Governance Council (FCRGC) to enhance collaboration…
Huawei is expanding its partnership with GCash to bring QR code payment functionality to a wider range of…
TOPPAN IDGATE, a major player in digital identity solutions, has rebranded as TOPPAN Security. This change aligns with…
Rakuten Viber plans to introduce its Viber Pay digital wallet in the Philippines in the latter half of…
Enstack, a mobile platform supporting over 200,000 online entrepreneurs, has partnered with GCash’s GGives and BillEase to introduce…
RCBC through its ATM Go is revolutionising financial access in the remote communities of Mindanao, where banking services…
Singaporean fintech MatchMove has partnered with LuLu Financial Services (Phils.) Inc., Asia United Bank (AUB), and Mastercard to…
Asian banks need technology investments such as AI to continue their growth momentum. The industry is robust, with…
The Philippines is revamping its national digital identity (Digital ID) programme to accelerate adoption and improve access to financial…
TransUnion has appointed Peter Faulhaber as the new President and CEO of its Philippines operations, effective 11 February…
The Bangko Sentral ng Pilipinas (BSP) and the Palawan Group of Companies (PGC) have partnered to promote financial…
Pomelo is enhancing its remittance services to the Philippines by introducing Pomelo Points, a rewards program that allows…
The Bangko Sentral ng Pilipinas (BSP) is exploring the possibility of the removal of one-time passwords (OTP) for…
eTap Solutions, a subsidiary of Electronic Transfer & Advance Processing, Inc. (eTap), is expanding its digital payments services…
The number of digital banks in the Philippines is about to grow even more. News has emerged of…
The Philippine Crop Insurance Corporation (PCIC) and GCash have collaborated to improve the delivery of digital indemnity payments…
Singlife Philippines has announced that they and Maya are now partners to offer digital insurance and investment products…
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