digital-payments | ABS-CBN News

BSP tells bankers to waive fees for minor online transactions

ABS-CBN News
Updated as of Feb 28 03:53 PM

The Bangko Sentral ng Pilipinas governor is urging bankers to boost digital payments by waiving fees for small online transactions. 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 »

Bangko Sentral, PPMI launch 'Bills Pay PH' to boost digital payments

ABS-CBN News
Updated as of Dec 02 08:07 AM

The BSP and the PPMI launched the Bills Pay PH to facilitate digital transactions between accounts from different payment service providers. Read more »

GCash now accepted in select shops in Korea, Japan others

ABS-CBN News
Posted at Oct 19 06:57 PM

GCash users can now pay for their purchases using the app in select establishments in South Korea, Japan, Singapore and Malaysia, the company said. Read more »

Bangko Sentral partners with SM for cashless push

Jekki Pascual, ABS-CBN News
Posted at Oct 18 06:02 PM

The Bangko Sentral ng Pilipinas on Tuesday said it has partnered with mall operator SM to push its cashless payments program. Read more »

BSP lists priority bills for 19th Congress

ABS-CBN News
Posted at Oct 04 02:45 PM

The BSP said these priority bills for the 19th Congress are meant to boost the banking sector and support digital payments. Read more »

UnionBank backs 'Paleng-QR' initiative

ABS-CBN News
Posted at Sep 05 09:33 AM

UnionBank of the Philippines is enabling QR payment transactions to promote cashless payments in public markets. Read more »

PLDT warns public vs 'quishing' or new QR code scam

ABS-CBN News
Posted at Jul 29 11:24 AM

Mobile phone users should remain vigilant as fraudsters move to use QR codes to in scamming activities, PLDT Inc and Smart's Cyber Security Operations Group warned on Friday. Read more »

Gov't eyes digital payments in public markets, trike hubs

ABS-CBN News
Posted at Jun 24 11:31 AM

The central bank said it signed a deal with the interior department to bring digital payments to public markets and tricycle hubs. Read more »

Duterte EO on gov't digital payments to cut corruption: BSP

ABS-CBN News
Posted at May 17 05:19 PM

Among the benefits of utilizing digital payments in government transactions is reducing the risk of corrupt practices, the Bangko Sentral ng Pilipinas said Tuesday. Read more »

Duterte orders use of digital payments for disbursements, collections

Jamaine Punzalan, ABS-CBN News
Posted at May 16 12:06 PM

President Duterte ordered the adoption of digital payments for government disbursements and collections. Read more »

Uno Digital Bank rebrands ahead of Q2 rollout

Jessica Fenol, ABS-CBN News
Updated as of Mar 25 11:28 AM

Bangko Sentral ng Pilipinas' licensed digital bank UNObank on Friday said it would rebrand to Uno Digital Bank ahead of its targeted rollout. Read more »

Tonik eyes lending expansion, cryptocurrency feature for 2022

Jessica Fenol, ABS-CBN News
Updated as of Mar 23 01:42 PM

Citing overwhelming demand, licensed digital bank Tonik on Wednesday said it was eyeing to launch cryptocurrency services on its app. Read more »

Diokno says 'no urgency' in using CBDCs

ABS-CBN News
Updated as of Mar 14 11:03 AM

Bangko Sentral ng PIlipinas Governor Benjamin Diokno on Monday said there is no urgency in using central bank digital (CBDCs) since the current payment system is "working very well." Read more »

PayMaya eyes test launch of Maya Bank late this month

Jessica Fenol, ABS-CBN News
Updated as of Mar 03 07:08 PM

PayMaya's digital bank Maya Bank will begin its test launch later this month, less than 6 months after it secured a digital banking license from the central bank, its president Shailesh Baidwan said Thursday. Read more »

Fight vs e-vote buying won't be easy: Fintech player

Warren de Guzman, ABS-CBN News
Posted at Mar 02 06:02 PM

Curbing the use of e-payments for vote buying in Halalan 2022 is easier said than done, according to the head of a Philippine fintech startup. Read more »

Vote buying thru e-payments? Fintechs say not so fast

Warren de Guzman, ABS-CBN News
Posted at Mar 01 07:35 PM

A group of fintech firms said they will ensure that digital platforms are not used for vote-buying, as poll watchdogs said they will wait for more concrete steps. Read more »

'Open finance, digitalization to boost financial inclusion'

ABS-CBN News
Posted at Feb 08 12:31 PM

Bangko Sentral ng Pilipinas’ digitalization efforts, with its open finance roadmap, could boost financial inclusion in the country and make transactions cheaper and secure, the CEO of open finance tech solutions firm Brankas Todd Schweitzer told ANC. Read more »

BSP launches PESONet multi-batch settlement

ABS-CBN News
Updated as of Jan 24 09:50 PM

The BSP and the Philippine Payments Management Inc on Monday launched the multiple batch settlement (MBS) facility of the PESONet electronic fund transfer. Read more »

BSP says digitalization seen to ease inflation

Jessica Fenol, ABS-CBN News
Posted at Jan 18 11:34 AM

The wider adoption of digital payments in the country is seen to reduce costs of production and distribution for businesses, the Bangko Sentral ng Pilipinas said. Read more »