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BPI CEO wary of Delta variant but says 'worst is over' for banks

Bruce Rodriguez, ABS-CBN News
Posted at Aug 02 09:21 PM

The worst effects of the COVID-19 pandemic may be over for the Philippine banking sector, but the spread of the Delta variant still presents uncertainties, the head of Bank of the Philippine Islands said on Monday.    Read more »

PayMaya says users doubled to 38 million in 1.5 years

ABS-CBN News
Posted at Jul 06 07:08 PM

PayMaya doubled its users in the past 18 months to 38 million as it continues to expand its partnership with various government agencies and businesses, the company said on Tuesday. Read more »

House panel OKs bill letting workers choose bank account for payroll

RG Cruz, ABS-CBN News
Posted at Jun 14 08:24 PM

A panel of House lawmakers on Monday approved a bill seeking to allow private sector employees to choose the bank account where their wages may be deposited.  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 »

BPI unveils new saver plus account after changes in Maxi-Saver policy

ABS-CBN News
Updated as of Apr 17 01:08 PM

The Bank of the Philippine Islands said Friday a new type of savings account would be available in June with a maintaining balance of P50,000.  Read more »

Expanded access to satellite technology to boost digitalization in PH: BSP

Bruce Rodriguez, ABS-CBN News
Posted at Apr 15 06:10 PM

The Bangko Sentral ng Pilipinas said Thursday the measure meant to expand internet providers' access to satellite services will "contribute" to its financial inclusion and digitalization goals. Read more »

New fees to push banks to set up more ATMs in provinces: BSP

Bruce Rodriguez, ABS-CBN News
Posted at Apr 08 06:14 PM

The Bangko Sentral ng Pilipinas (BSP) said the new fee system for ATM services can help push banks to install more units in the provinces. Read more »

Bangko Sentral expects loan costs to go down for microentrepreneurs

Bruce Rodriguez, ABS-CBN News
Posted at Mar 18 07:21 PM

The Bangko Sentral ng Pilipinas said it expects the borrowing costs of microentrepreneurs to fall in step with record low benchmark interest rates as well as innovations that can help lower the costs of microfinance institutions. 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 »

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 »

Bangko Sentral expands distribution channels for Unit Investment Trust Funds

ABS-CBN News
Posted at Sep 23 03:08 PM

The Bangko Sentral ng Pilipinas said Wednesday it approved guidelines that would expand the distribution channels for Unit Investment Trust Funds (UITFs) in a bid to promote financial inclusion.   Read more »

AgriNurture acquires majority stake in fintech firm Pay8

ABS-CBN News
Posted at Jul 21 02:27 PM

AgriNurture, the listed agribusiness firm of businessman Antonio Tiu, disclosed to the stock exchange on Tuesday that it is acquiring a majority stake in fintech firm Pay8 from HatchAsia. Read more »

E-money pushes more Pinoys to get accounts in banks, other financial institutions

ABS-CBN News
Posted at Jul 16 05:40 PM

The Bangko Sentral ng Pilipinas said Thursday the country made significant progress in financial inclusion as 5 million more adult Filipinos now had accounts in banks, e-money issuers and microfinance institutions as of March this year compared to 2017. Read more »

'Premyo Bonds' prize pool increased after nearly P5 billion raised

ABS-CBN News
Updated as of Jan 06 09:34 AM

A total of P4.5 million will be raffled off every quarter from the initial P3 million. There will be 1 winner of P1 million per raffle. The Treasury sold nearly P5 billion in "Premyo Bonds" compared to the initial issue size of P3 billion. Read more »

PNB plans to push for greater financial inclusion

ABS-CBN News
Posted at Nov 06 12:30 AM

The Philippine National Bank plans to push for greater financial inclusion as it gathers regional banking leaders at a conference in Manila next week. Read more »

PayMaya named 'Most Innovative' at Asia CEO Awards

ABS-CBN News
Updated as of Oct 17 06:02 PM

The award is given to companies that introduce innovations that led to growth of the organization and the development of the industry, PayMaya said in a statement. Read more »

BSP governor vows to support financial inclusion drive

ABS-CBN News
Posted at Mar 26 11:32 PM

The Bangko Sentral ng Pilipinas' financial inclusion drive off to a good start, as it inaugurates a new program honoring the legacy of late governor Nestor Espenilla Jr.  Read more »

Remarkable Women: BSP Deputy Gov leads financial inclusion push

ABS-CBN News
Posted at Mar 26 03:51 PM

Chuchi Fonacier was named deputy governor of the Bangko Sentral ng Pilipinas' supervision and examination sector in 2017, a post previously held by the late Central Bank Gov. Nestor Espenilla. Read more »

FWD Life rolls out low premium product

ABS-CBN News
Posted at Mar 11 03:06 PM

FWD Life's Set Ka Na, which can be bought for as low as P95, is available in 3,600 TrueMoney centers in the National Capital Region, the company said. Read more »

Nestor Espenilla inalala sa kaniyang mga nagawa sa BSP

Bruce Rodriguez, ABS-CBN News
Posted at Feb 24 03:10 PM

Nakilala si BSP governor Nestor Espenilla, Jr. sa kaniyang mga programang "financial inclusion" na layong bigyang serbisyo ang mahihirap. Read more »