digital-transactions | ABS-CBN News

VAT on Netflix and other digital services OK’d by House

RG Cruz, ABS-CBN News
Updated as of Nov 14 07:39 PM

Subscription-based digital services, online advertisement services, and other electronic services that can be delivered through the internet are covered. Read more »

Netflix tax? VAT on digital transactions OK'd by House

RG Cruz, ABS-CBN News
Posted at Nov 08 05:25 PM

The proposed measure seeking to impose value-added tax (VAT) on non-resident digital service providers was approved by the House of Representatives on Tuesday. Read more »

PESONet, InstaPay transactions reach P5.37-T in first 7 months

ABS-CBN News
Posted at Sep 15 02:28 PM

The combined value of electronic transfers PESONet and InstaPay reached over P5.37 trillion in the first seven months of the year, BSP data showed. Read more »

Marcos: Digitalization is key in doing business in gov't

Job Manahan, ABS-CBN News
Posted at Sep 09 01:08 PM

Embracing the technological advances means the country must improve and boost its knowledge in software development, data analytics, artificial intelligence, and blockchain technologies, said Marcos. Read more »

House starts discussing VAT on digital transactions

RG Cruz, ABS-CBN News
Posted at Sep 07 06:30 PM

The House of Representatives has opened plenary deliberations on House Bill 4122 or the proposed value added tax on non-resident digital service providers. Read more »

Maya launches enterprise solutions unit Maya Business

ABS-CBN News
Posted at Aug 01 01:02 PM

Maya said its new service is an all-in-one growth partner for micro, small, and medium enterprises. Read more »

Diokno says Marcos admin to tax digital services

Job Manahan, ABS-CBN News
Updated as of Jul 06 11:06 PM

As the Marcos administration faces record debt, Finance Secretary Ben Diokno said they are eyeing taxes on digital services. Read more »

GCash eyes boosting lending after profitability reached

Jessica Fenol, ABS-CBN News
Posted at Feb 10 03:02 PM

GCash hit profitability 3 years ahead of target and now seeks to make lending more accessible to its users, the Ayala-led fintech's CEO said. Read more »

BSP working with banks in Visayas to fully restore services

ABS-CBN News
Posted at Jan 19 01:03 PM

The Bangko Sentral ng Pilipinas said it is working with banks in the Visayas on resuming full operations after being hit by typhoon Odette. Read more »

BSP urges financial firms to boost fight vs 'digital' vote buying

ABS-CBN News
Updated as of Jan 04 07:30 PM

Financial institutions should enhance measures against digital vote buying and selling, the BSP said, as the May 2022 elections near. Read more »

BSP backs measure for protection vs cybercrime

ABS-CBN News
Updated as of Sep 25 10:42 AM

The Bangko Sentral ng Pilipinas (BSP) on Saturday said it supports a Senate measure that aims to protect financial customers from cybercrime. Read more »

House approves 12% VAT on digital transactions

ABS-CBN News
Posted at Sep 21 11:35 PM

The House of Representatives has approved House Bill 7425, imposing a 12 percent value-added tax on digital transactions in the Philippines. Read more »

Lyka: Merchants not accepting GEMs just temporary

ABS-CBN News
Posted at Aug 28 06:41 PM

Lyka allows users to purchase, exchange and use "gift cards in electronic mode", or GEMs, as payment for goods and services. Read more »

Catching up to digital transactions

Nium
Updated as of Nov 24 09:18 AM

Nium Global Head of Consumer and SME Business Yogesh Sangle shares his thoughts on the impact of the health crisis on the financial technology space. Read more »

What is next for Fintechs?

NIum
Updated as of Nov 24 09:16 AM

Digital payments are seeing an increase worldwide due to necessity but what does this mean for Fintechs? Nium Global Head of Consumer and SME Business Yogesh Sangle shares his outlook for the market. Read more »

PH officials warn public vs money launderers exploiting digital transactions

ABS-CBN News
Posted at Nov 21 02:48 AM

Philippine officials warn money launderers may be exploiting the surge in digital transactions during the COVID-19 pandemic. Amid this trend, some of the country’s biggest banks are launching an industry-wide initiative to combat online fraud. Read more »

Can't 'impose' on banks to waive online transfer fees as BSP tells consumers it's cost of 'convenience'

ABS-CBN News
Updated as of Oct 05 12:02 PM

Bangko Sentral ng Pilipinas Gov. Benjamin Diokno said Monday they could ask but not order or impose on banks to waive fees for online money transfers as this forms "part of their business." Read more »

Practice 'cyber hygiene' in digital transactions, BSP tells consumers

ABS-CBN News
Updated as of Aug 05 02:43 PM

The Bangko Sentral ng Pilipinas said Wednesday consumers should practice "cyber hygiene" when doing financial transactions online as reported incidents continue to rise. Read more »

Tax digital services? That's part of business, says DTI chief

Arianne Merez, ABS-CBN News
Updated as of Jul 31 02:52 PM

Paying taxes is part of doing business--even if its online, Trade Secretary Ramon Lopez said Friday after a legislative panel approved a bill that seeks to impose tariffs on digital transactions.   Read more »

Komite sa Kamara inaprubahan ang pagbubuwis sa digital transactions

ABS-CBN News
Posted at Jul 29 04:23 PM

Maaari ring buwisan sa ilalim ng panukala ay ang tinatawag na digital service o anumang serbisyo na ibinibigay o sinu-subscribe-an sa internet o iba pang electronic network. Read more »