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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 »

InstaPay, PESONet transactions post 2021 growth

ABS-CBN News
Posted at Sep 17 01:15 PM

Both InstaPay and PESONet fund transfers have registered significant growth in terms of the transaction value for the first 7 months of 2021, the Bangko Sentral ng Pilipinas said Friday. Read more »

BSP likely to 'accomplish' digitalization goals by 2022: Diokno

ABS-CBN News
Updated as of Jun 01 03:50 PM

The Bangko Sentral ng Pilipinas could achieve its digitalization goals before the end of 2022, BSP Governor Benjamin Diokno said Tuesday. Read more »

BSP's digital dream: Electronic payments for sari-sari stores, tricycle drivers

ABS-CBN News
Updated as of May 07 10:52 AM

Part of the Bangko Sentral ng Pilipinas' digital transformation roadmap is to penetrate the micro level in terms of digital payments, Deputy Governor Mert Tangonan said Friday. Read more »

BSP bats for stronger, 'digitalized' post-pandemic economy

Jessica Fenol, ABS-CBN News
Posted at Apr 26 02:24 PM

The Bangko Sentral ng Pilipinas is working with the government not just in terms of pandemic recovery but also in building a stronger and "digitally advanced new economy", the central bank's chief said Monday.   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 »

LIST: BSP says more banks extend waived fees for InstaPay, PESONet

ABS-CBN News
Posted at Apr 01 09:24 AM

The Bangko Sentral ng Pilipinas released late Wednesday an updated list of banks and their waved InstaPay and PESONet fees.    Read more »

Digitalization 'kept economic gears running' in 2020, says BSP chief Diokno

Jessica Fenol, ABS-CBN News
Posted at Feb 19 05:35 PM

The BSP has been pushing for the growth of online payments in the country with PesoNet and InstaPay under its National Retail Payment System. Read more »

LIST: BSP updates list of banks extending free transfers for 2021

ABS-CBN News
Posted at Jan 12 01:58 PM

The Bangko Sentral has updated its list of local banks extending the free interbank transfers this year through PESONet and InstaPay. Read more »

LIST: Banks waiving interbank transfer fees

ABS-CBN News
Posted at Jan 04 06:25 PM

Several banks have announced that they will be waiving interbank transfer fees via Instapay and PESONet to encourage online transactions amid the continued threat of COVID-19. Read more »

LIST: Banks waiving interbank transfer fees

ABS-CBN News
Posted at Dec 29 05:35 PM

Several banks have announced that they will be waiving interbank transfer fees via Instapay and PESONet to encourage online transactions amid the continued threat of COVID-19.   Read more »

PNB offers free bank transfers via Instapay, PESONet until March 31

ABS-CBN News
Posted at Dec 29 12:43 PM

Philippine National Bank (PNB) is extending its free bank transfers using Instapay and PESONet up to March 31 to encourage online banking to avoid the spread of COVID-19. Read more »

Metrobank waives fees for Instapay, PESONet until March 31

ABS-CBN News
Posted at Dec 28 01:04 PM

Metrobank announced Monday that it is waiving fees for interbank transfers using Instapay and PESONet up to March 31 next year to encourage clients to use online transactions amid the COVID-19 crisis.   Read more »

ChinaBank, UnionBank extend free interbank transfer until Mar 31, RCBC until Jan 31

ABS-CBN News
Updated as of Dec 23 09:37 PM

ChinaBank and UnionBank have announced they will extend free interbank transfer until Mar. 31, while RCBC will also extend until Jan. 31 next year. Read more »

SSS says first batch of November 2020 pensions via PESONet released

ABS-CBN News
Posted at Oct 30 04:31 PM

The Social Security System said it would credit the first batch of November pensions on Oct. 30, Friday via its new disbursement method using the Philippine Electronic Fund Transfer System and Operations Network (PESONet) and other "checkless" channels. Read more »