credit | ABS-CBN News

BNPL player Atome says extending payments up to 12 mos

ABS-CBN News
Posted at Feb 07 06:54 PM

Buy now pay later (BNPL) firm Atome said Tuesday it is planning to move beyond pay-in-3 deferred payments, and will soon launch multi-tenure plans of 6 and 12 months. Read more »

BPI posts P39.6-B net income in 2022

ABS-CBN News
Posted at Feb 06 10:26 AM

The Bank of the Philippine Islands said it ended 2022 with a full year net income of P39.6 billion, up 66 percent from the previous year. Read more »

Your monthly credit card interest rate is up by 50 pct

Aneth Ng-Lim
Posted at Jan 25 01:10 PM

We are not talking about 10 percent, or 20 percent but 50 percent more, with a jump from 2 percent monthly add-on rate to as much as 3 percent. Read more »

Interest rate cap sa credit card itinaas sa 3 percent kada buwan

ABS-CBN News
Posted at Jan 24 09:03 PM

Itinaas ng Bangko Sentral ng Pilipinas ang maximum interest rate sa mga credit card transaction. Read more »

Credit card group welcomes hike in monthly charges

ABS-CBN News
Posted at Jan 23 02:10 PM

The Credit Card Association of the Philippines said on Monday it welcomes the decision of the Bangko Sentral ng Pilipinas to raise the ceiling on credit card monthly interest rates to 3 percent. Read more »

BSP hikes ceiling on credit card fees to 3 percent

ABS-CBN News
Posted at Jan 23 09:25 AM

The Bangko Sentral ng Pilipinas said it has approved the increase in the monthly ceiling of fees imposed on unpaid credit card outstanding balance by 100 basis points to 3 percent from the previous 2 percent. Read more »

Tracking your money is important: Nasaan ang resibo?

Aneth Ng-Lim
Posted at Jan 09 02:32 PM

While keeping receipts and tracking your expenses can be such a chore, more and more consumers are discovering they need to do this, especially in light of rising fraud cases. Read more »

Bank lending expands 13.7 pct in November: BSP

ABS-CBN News
Posted at Jan 04 12:25 PM

Outstanding loans of universal and commercial banks, net of reverse repurchase placements with the Bangko Sentral ng Pilipinas, grew by 13.7 percent in November from 13.9 percent in October last year. Read more »

Find 'free money' to keep and give away for holidays

Aneth Ng-Lim
Posted at Dec 19 04:55 PM

A former officemate clued me in on why she always manages to give herself a great gift without breaking her budget every time the holidays come around. Read more »

Credit card fee hike? BSP to review ceiling as rates rise

ABS-CBN News
Posted at Dec 15 05:04 PM

The BSP said it is set to review the ceiling placed on fees imposed on credit card interest rates and fees due to recent hikes in the benchmark rate. Read more »

Buy now pay later for medicines launched by Watsons, Atome

ABS-CBN News
Posted at Dec 14 03:23 PM

Drugstore chain Watsons and lending app Atome have partnered to offer a buy now pay later scheme for health and beauty products, the companies said on Wednesday. Read more »

Gov't urged: Postpone sovereign wealth fund to protect credit rating

ABS-CBN News
Updated as of Dec 05 10:48 AM

The Philippine government should consider holding off in launching a sovereign wealth fund to protect its credit rating amid the challenging global environment, a business group president said on Monday. Read more »

ALAMIN: Mga paalala sa paggamit ng credit card

ABS-CBN News
Posted at Dec 03 01:42 PM

May credit card ka ba o nagbabalak kumuha? Read more »

Bank lending grows 13.9 percent in October: BSP

ABS-CBN News
Posted at Nov 30 02:21 PM

Outstanding loans of universal and commercial banks, net of reverse repurchase placement with the BSP grew by 13.9 percent in October. Read more »

Philippines' GCash launches cross-border payments with Alipay+

Jessica Fenol, ABS-CBN News
Updated as of Nov 24 07:45 PM

GCash now works in select stores not just in Singapore but also in Malaysia, South Korea and Japan. GCash and Alipay+'s partnership enabled the e-wallet to be used in stores that accept Alipay+ payments. Read more »

S&P affirms PH investment-grade rating, stable outlook

ABS-CBN News
Updated as of Nov 21 10:46 AM

S&P Global Ratings said it has affirmed the Philippines' investment-grade long-term BBB+ rating and short-term sovereign A-2 credit rating as the economy recovers. Read more »

Credit card interest ceiling stays at 2 pct per month: BSP

ABS-CBN News
Posted at Nov 15 02:20 PM

The Bangko Sentral ng Pilipinas on Tuesday said it has decided to keep the existing ceiling on credit card transaction fees and monthly interest rates. Read more »

'Mga Pinoy nangungutang kahit may banta ng mas mataas na interes'

ABS-CBN News
Posted at Nov 03 08:34 PM

Sa kabila ng mataas na inflation at banta ng pagtaas ng interes sa pautang ng mga bangko, tuloy pa rin sa pag-utang ang maraming Pilipino. Read more »

Fitch keeps Philippines' BBB rating with negative outlook

ABS-CBN News
Updated as of Oct 27 06:40 PM

Fitch said the 'BBB' rating balances strong growth, external finances and a credible economic policy framework against lagging structural indicators. Read more »

Tips to get more and spend less this holiday season

Home Credit
Posted at Oct 26 12:58 PM

Home Credit encourages its customers to be financially 'wais' as it celebrates its 9th year in the Philippines. Read more »