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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 »

GCash: 900k accounts blocked in fight vs online scam

ABS-CBN News
Posted at May 03 12:15 PM

Over 900,000 accounts suspected of committing fraud were barred from using e-wallet GCash, its operator said. Read more »

Mitsubishi group targets Pinoy seafarers with e-wallet

Warren de Guzman, ABS-CBN News
Posted at Apr 06 04:38 PM

MarCo Pay said it is the first e-wallet to specifically target Filipino seafarers with financial services such as investments, loans, payments and others. 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 »

What would be the impact of a US 'digital dollar'?

Juliette Michel, Agence France-Presse
Posted at Mar 10 03:11 PM

US President Joe Biden has ordered the federal government to look into creating a digital dollar, a move with the potential to reshape how money is moved and used around the world. 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 »

Russia sanctions ripple across world markets, rouble tanks

Dhara Ranasinghe, Reuters
Posted at Feb 28 07:23 PM

World stocks slid, oil prices jumped and the rouble tanked to fresh record lows on Monday, as the West ramped up sanctions against Russia. 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 »

Congress passes measure to protect financial consumers

RG Cruz, ABS-CBN News
Posted at Feb 03 08:39 PM

Before adjourning, Congress approved the Financial Consumer Protection Act, which gives the central bank greater powers over financial institutions. 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 strengthens fight vs cyber fraud; shares e-safety tips to protect consumers

ABS-CBN News
Posted at Jan 18 12:28 PM

The Bangko Sentral ng Pilipinas on Tuesday said it is working with financial institutions and industry players to establish a national approach against cyber fraud. 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 »

BSP says online fraud cost P540 million in 2021

Sherrie Ann Torres, ABS-CBN News
Posted at Jan 17 06:53 PM

From 2020-2021, there were 42,456 complaints from victims of phishing, identity theft, malware attacks, and other types of fraud, the BSP said. Read more »

SEC to implement zero face-to-face policy due to surge

ABS-CBN News
Posted at Jan 12 04:33 PM

The Securities and Exchange Commission said it would implement a zero face-to-face transaction policy in Metro Manila due to surging COVID-19 cases. Read more »

BSP assures public of continued banking service under Alert Level 3

ABS-CBN News
Posted at Jan 07 02:10 PM

Banking service will continue despite the tighter mobility restrictions in Metro Manila under Alert Level 3, the central bank said Friday. Read more »