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Bangko Sentral says digital banking catalyst for financial inclusion

ABS-CBN News
Posted at Jul 28 02:56 PM

Digital banking is helping the Philippines achieve its financial inclusion goal which is essential to economic growth, the Bangko Sentral ng Pilipinas said Wednesday. Read more »

BSP approves UnionBank application to create digital bank

ABS-CBN News
Posted at Jul 21 09:40 AM

UnionBank of the Philippines on Wednesday said the Bangko Sentral ng Pilipinas has approved its application to establish a digital bank.  Read more »

All-digital OFBank serving clients from 113 countries, territories: Landbank

ABS-CBN News
Updated as of Jul 07 11:53 AM

Landbank of the Philippines on Tuesday said its all-digital bank unit Overseas Filipino Bank (OFBank) is now serving clients from 113 countries and territories. Read more »

RCBC eyes digital banking license to boost profits, official says

Bruce Rodriguez, ABS-CBN News
Updated as of Jun 30 10:33 AM

Rizal Commercial Banking Corp has plans to apply for a digital banking license, its president and CEO Eugene Acevedo said Tuesday. Read more »

Helpless with Missing Money Transfer?

Aneth Ng-Lim
Posted at Jun 14 01:58 PM

Sleepless nights, frantic emails and waiting on the phone for someone, just anyone, to pick up my calls to the bank customer hotline filled my days until my money was safely back in my account, down to the last centavo.   Read more »

Gokongwei group, UnionBank plan to launch own digital banks: BSP

ABS-CBN News
Posted at Jun 14 11:11 AM

The Gokongwei Group and UnionBank of the Philippines have also applied for digital banking licenses under the new framework of the Bangko Sentral ng Pilipinas, BSP Gov. Benjamin Diokno said Monday.   Read more »

UNObank eyes launch in PH after securing digital bank license

ABS-CBN News
Updated as of Jun 09 12:39 PM

UNObank backed by Singapore-based fintech company DigitabankASIA Pte Ltd will "soon" launch its services in the Philippines after securing a digital banking license from the Bangko Sentral ng Pilipinas.  Read more »

What you do online can help you get the loan you need

Aneth Ng-Lim
Posted at Jun 07 01:21 PM

By giving its financial partners an added layer of behavioral insights, CredoLab is helping open more lines of credit to the unbanked and the underbanked.  Read more »

8 in 10 Filipinos interested in digital banking: Visa study

ABS-CBN News
Posted at Jun 02 11:01 AM

The majority of Filipinos are interested in using digital banking services due to convenience, security and time saved in completing transactions online, a new Visa study released Tuesday showed. Read more »

Bangko Sentral pilot-tests person-to-merchant QR code system for easier digital payments

Warren de Guzman, ABS-CBN News
Posted at Apr 30 05:02 PM

The Bangko Sentral ng Pilipinas on Friday led the launching of the person-to-merchant (P2M) QR code system which aims to make payments faster and seamless. Read more »

Overseas Filipino Bank, 3 others vying to be digital banks: BSP

Warren de Guzman, ABS-CBN News
Posted at Apr 29 05:19 PM

Four banks, including a state-run firm, are currently applying for digital banking licenses, the Bangko Sentral ng Pilipinas said Thursday, as digital transactions continue to grow in the country.    Read more »

All-digital ING Philippines to offer loans, says still no fees for fund transfers

Jessica Fenol, ABS-CBN News
Posted at Mar 16 04:14 PM

ING Philippines will offer loans using its all-digital bank app before the end of the year to make banking even simpler and more accessible, country manager Hans Sicat said.    Read more »

RCBC says DiskarTech app users 'more than doubled' daily deposits in January

ABS-CBN News
Posted at Mar 02 01:46 PM

Rizal Commercial Banking Corp on Tuesday said its digital savings account DiskarTech "more than doubled" its daily deposits in January.  Read more »

IP E-Game Ventures to file application for digital banking license

ABS-CBN News
Posted at Feb 24 12:02 PM

IP E-Game Ventures Inc said Wednesday it would apply for a digital banking license with the Bangko Sentral ng Pilipinas.  Read more »

When Digital Money Goes Missing

Aneth Ng-Lim
Posted at Feb 01 10:28 AM

It’s been 72 hours since I made a funds transfer via Instapay from one bank to another and my digital money has yet to surface. Read more »

Fintech players welcome new digital banking framework as consumers move to virtual realm

ABS-CBN News
Updated as of Nov 27 10:16 PM

Financial technology and digital industry players welcomed the BSP's approval of a digital banking framework, as part of efforts to extend financial services. The Philippine central bank on Thursday approved rules allowing the creation and licensing of digital banks as consumers increasingly turn to the virtual realm for banking. Read more »

AMLC flags surge in ‘suspicious transactions’ in e-payments amid pandemic

ABS-CBN News
Posted at Nov 20 02:24 PM

The Anti-Money Laundering Council (AMLC) on Friday flagged the surge of suspicious transactions amounting to P3.1 billion as more consumers shift to digital banking due to quarantine restrictions brought by the COVID-19 pandemic.   Read more »

Digital-only bank for overseas Pinoys books over 12,000 accounts: DOF

ABS-CBN News
Posted at Nov 11 03:08 PM

The Department of Finance on Wednesday said 12,542 accounts were opened in the Overseas Filipino Bank (OFBank) a digital-only bank that caters to Filipinos working abroad.    Read more »

How smartphones changed the way we bank

Moneymax.ph
Posted at Oct 30 12:05 PM

Smartphones definitely influenced our financial habits in more ways than one. Here are just some of the ways your personal pocket computer did exactly that.    Read more »

Bangko Sentral to lay down rules for ‘digital banks’

Warren de Guzman, ABS-CBN News
Posted at Oct 08 05:31 PM

Digital banks will be different from existing banks as they will offer financial products and services that are processed end-to-end through digital platforms and electronic channels. Read more »