Payments
Wise Users Can Now Send Up to PHP 9 Million to the Philippines
Online money transfer service Wise announced that its users can now send up to PHP 9 million (approximately US$161,000) to the Philippines. This is almost 18 times more than what they could send previously. Users can send PHP to any individual
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MPT Mobility Taps Brankas to Enable Instant Toll Reloads via Bank Accounts
Open banking solution provider Brankas has announced a new integration that will allow MPT DriveHub app users in the Philippines to reload using their local bank accounts. MPT Mobility is a subsidiary and the innovations arm of Metro Pacific Tollways
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BSP: ASEAN’s 5 Biggest Economies to Link Real-Time Payments Within 3 Years
Bangko Sentral ng Pilipinas (BSP) governor Felipe M. Medalla believes payment connectivity between the five largest economies of the Association of Southeast Asian Nations (ASEAN), namely Indonesia, Malaysia, the Philippines, Singapore, and Thailand, could be implemented within the next two
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RCBC Partners With SwiftPay, Dragonpay to Offer More Digital Payment Options
Rizal Commercial Banking Corporation (RCBC) has partnered with payment gateway providers SwiftPay and Dragonpay to offer more digital payment options for online consumers and merchants. Through these partnerships, RCBC’s customers can now use their mobile banking app to pay when
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BSP Sets Deadline for Full Adoption of QR Ph by 1 July
The Bangko Sentral ng Pilipinas (BSP) has given all BSP-supervised financial institutions (BSFIs) until 1 July 2023 to fully adopt the National QR Code Standard (QR Ph). The guidelines were issued via a memorandum that provides for the transition of
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Security Bank Picks ACI Worldwide to Power Its Real-Time Payments Platform
Philippines’ Security Bank has selected ACI Worldwide, a global provider of real-time payments and digital payment software solutions, to help strengthen its real-time payment capabilities. ACI Worldwide’s Enterprise Payments Platform solution will provide full payment hub capabilities for low- and
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BSP Aims to Lower or Waive Fees for Smaller E-Payments
The Bangko Sentral ng Pilipinas (BSP) said that it will continue to work with banks to lower or waive transaction fees for smaller e-payments. The regulator is looking to make financial digitalisation more inclusive in line with the BSP’s Digital
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Pay&Go Kiosks Now Available at Lawson Branches for Secure, Convenient Payments
BTI Payments is further strengthening the presence of fast and easy payments in the country, through their latest partnership with Lawson Philippines. Under the tie-up, BTI’s Pay&Go kiosks are now present in Lawson convenience store branches nationwide. A wholly-owned subsidiary
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HitPay Ties up With BillEase to Enable BNPL Payment Option for SMEs
HitPay, a Singapore-based payment platform for SMEs, has partnered with Filipino BNPL and consumer finance app BillEase to offer local businesses card-free installment payment option to their customers at checkout. Through BillEase, online and offline retailers can offer shoppers three
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BSP Sets Higher Liquidity and Capital Requirements for e-Money Issuers
The Bangko Sentral ng Pilipinas (BSP) has set higher liquidity and capital requirements for Electronic Money Issuers (EMIs) with significant outstanding e-money balance and large scale operations. The regulator is looking to promote resilience of EMIs amid the increasing IT
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