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BSP urges Filipinos to use 'digital aguinaldo'

ABS-CBN News
Posted at Dec 19 05:04 PM

Filipinos must take advantage of digital finance when gift-giving this holiday season, the Bangko Sentral ng Pilipinas said on Monday as it encouraged the public to use digital aguinaldo this year. Read more »

OF Bank eyes online dollar account opening facility

ABS-CBN News
Posted at Dec 08 12:39 PM

The country's first digital bank, the Overseas Filipino Bank by the Landbank of the Philippines, will soon launch an online dollar account opening facility. Read more »

BPI sets system maintenance from late Oct. 14 to Oct. 15

ABS-CBN News
Posted at Oct 11 08:58 AM

The Bank of the Philippine Islands said several services would be unavailable during the scheduled system maintenance from 10 p.m. on Oct. 14 to 2 p.m. on Oct. 15. Read more »

More Filipinos investing in retirement through digital PERA: BSP

ABS-CBN News
Updated as of Oct 04 11:40 AM

More Filipinos have began investing in their retirement fund through the electronic Personal Equity and Retirement Account (PERA) as contributions tripled in just 2 years, the central bank said 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 »

6 digital banks allowed to fully operate: BSP

ABS-CBN News
Posted at Aug 24 12:11 PM

The BSP issued Certificates of Authority to Operate to 2 more digital banks, which would allow them to proceed with full operations. Read more »

Paglalagay ng limit sa bank transfer fees inihihirit

ABS-CBN News
Posted at Aug 12 07:14 PM

Bukod kasi sa sobrang mahal ng fees ng ilang bangko, mabigat ito lalo kapag patong-patong ang mga transaksiyon. Read more »

Small businesses, digital nomads back capping bank transfer fees

Warren De Guzman, ABS-CBN News
Updated as of Aug 17 08:03 PM

Bank transfer fees should be regulated since these are biting into the income of small business owners and digital workers, groups said. Read more »

GrabPay delays P15 InstaPay transfer fees to Aug. 18

ABS-CBN News
Posted at Jul 19 10:39 AM

Grab Philippines said the GrabPay P15 InstaPay transfer fee, originally set to be implemented on July 18, would be pushed back to Aug. 8. Read more »

GrabPay sets InstaPay transfer fee starting July 18

ABS-CBN News
Posted at Jun 03 01:34 PM

Grab Philippines on Friday said it would introduce fees for GrabPay InstaPay transfers to other banks and e-wallets pending the approval of the Bangko Sentral ng Pilipinas. Read more »

What to do when online fund transfers go missing

Aneth Ng-Lim
Posted at Jan 24 04:37 PM

There’s nothing like missing funds to make people go to great lengths to recover their hard-earned money. Read more »

LIST: Banks with waived InstaPay, PESONet fees as of Jan. 20

ABS-CBN News
Posted at Jan 24 12:15 PM

The Bangko Sentral ng Pilipinas on Monday released the latest list of banks with waived fees for PESONet and InstaPay electronic cash transfers. Read more »

BSP halts InstaPay, PESONet fee hikes

ABS-CBN News
Posted at Dec 29 05:02 PM

The Bangko Sentral ng Pilipinas said Wednesday the Monetary Board has issued a moratorium on fees imposed for InstaPay and PESONet online fund transfers. Read more »

BSP 'confident' in hitting digitalization targets

ABS-CBN News
Posted at Dec 28 10:26 AM

The Bangko Sentral ng Pilipinas said on Tuesday it is confident it can achieve its digitalization goals ahead of 2023. Read more »

Rural banks urged to use technology to stay competitive

ABS-CBN News
Posted at Dec 01 03:40 PM

Rural banks should tap technology to remain competitive in the new normal and to help boost financial inclusion in the countryside, the Bangko Sentral ng Pilipinas said Wednesday. Read more »

Union Bank's digital bank gets SEC approval

ABS-CBN News
Posted at Nov 29 12:12 PM

Union Bank on Monday said the Securities and Exchange Commission has approved the incorporation of its digital bank UnionDigital. Read more »

BSP eyeing central bank digital currency use in 'near future'

ABS-CBN News
Updated as of Nov 16 12:57 PM

The Bangko Sentral said it is eyeing the use of central bank digital currencies (CBDC) but for wholesale transactions not retail in the "near future." Read more »

Digital banks to help drive economic recovery, says BSP

ABS-CBN News
Posted at Nov 03 11:17 AM

Digital banks, along with traditional banks, can boost the country's pandemic recovery, the Bangko Sentral ng Pilipinas said Wednesday, as it pushes for a "tech-savvy" economy. Read more »

1 in 5 payments now digital, says BSP

Jessica Fenol, ABS-CBN News
Posted at Oct 18 06:49 PM

One in 5 payments in the Philippines is now done digitally as the country moves towards its digitalization goals, the central bank said. Read more »

Volume of digital payments hit 20 percent in 2020: BSP

Jessica Fenol, ABS-CBN News
Posted at Oct 08 12:03 PM

The volume of digital payments in 2020 reached 20 percent, hitting the Bangko Sentral ng Pilipinas' target for the year, the central bank said. Read more »