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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 »

Robinsons Bank extends piso-fee fund transfers until yearend

ABS-CBN News
Posted at Oct 14 05:54 AM

MANILA - Robinsons Bank will waive online transfer fees and extend its piso-fee fund transfer until the end of the year. Read more »

Transaction fee sa mga online money transfer, inalmahan

ABS-CBN News
Posted at Oct 13 07:15 PM

Magkakaroon na ng transaction fee kapag maglilipat ng pera mula sa mga e-wallet papunta sa mga bangko. Read more »

Bangko Sentral urges thrift banks to leverage 'limitless' potential of digital tech

ABS-CBN News
Posted at Oct 13 12:07 PM

Bangko Sentral ng Pilipinas Gov. Benjamin Diokno said Tuesday thrift banks should take advantage of the "limiteless" potential of digital technology including cloud banking.    Read more »

Bangko Sentral unveils digital payments roadmap

ABS-CBN News
Posted at Oct 12 10:32 PM

The Bangko Sentral ng Pilipinas on Monday said it wants to raise the share of digital payments to 50 percent of all retail transactions and expand financial inclusion to 70 percent of Filipino adults by 2023. 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 »

SSS to release pensions via PESONet starting October, drops issuance of checks

ABS-CBN News
Updated as of Oct 01 06:11 PM

The Social Security System on Thursday said it would release pensions through PESONet and eliminate distribution through checks to expedite monthly crediting. Read more »

LIST: Banks that are waiving online transfer fees until yearend

ABS-CBN News
Posted at Sep 30 09:38 PM

Several banks, including the country's second-largest bank in terms of assets, will waive online transfer fees until the end of the year. Read more »

RCBC waives PesoNet, InstaPay fees until Dec. 31

ABS-CBN News
Posted at Sep 30 09:45 AM

Rizal Commercial Banking Corp said Wednesday it would continue waiving fees for online fund transfers until Dec. 31 to offer relief for Filipinos during the pandemic.    Read more »

Banks set to resume charging fees for online transfers: Bankers group

ABS-CBN News
Posted at Sep 23 05:00 PM

Many large Philippine banks will resume charging for online transactions using Instapay as early as next month, the head of a banking industry group said on Wednesday.  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 »

LIST: Updated list of banks, e-money issuers with waived PesoNet, InstaPay fees

ABS-CBN News
Posted at Aug 04 05:31 PM

The Bangko Sentral ng Pilipinas on Tuesday released the updated list of banks, financial institutions and e-money issuers that waived fees for PesoNet and InstaPay fund transfers. Read more »

UCPB extends free fund transfers via InstaPay, PESONet until Dec. 31

ABS-CBN News
Posted at Jul 20 05:37 PM

United Coconut Planters Bank said Monday it would waive fees for fund transfers through InstaPay and PESONet transactions to assist consumers during the coronavirus pandemic. Read more »

COVID-19 pandemic highlights 'increasing importance' of digital transactions: BSP

Jessica Fenol, ABS-CBN News
Posted at Jul 08 01:27 PM

The lockdowns imposed to curb the spread of COVID-19 have given electronic payments a boost, Bangko Sentral ng Pilipinas Gov. Benjamin Diokno said Wednesday.   Read more »

Coronavirus lockdown spurred 'huge jump' in online banking: RCBC

ABS-CBN News
Posted at Mar 24 03:23 PM

The number of online banking transactions climbed "exponentially" following the coronavirus lockdown in Luzon, an official of Rizal Commercial Banking Corp said on Tuesday.  Read more »

Bangko Sentral to ensure security of digital transactions: Diokno

Cathy Yang, ABS-CBN News
Posted at Dec 21 06:44 AM

Digital banking “is safe” Bangko Sentral ng Pilipinas Governor Benjamin Diokno assured the public Friday as the government reviews existing regulations to enable further growth of electronic payments. Read more »

UCPB launches electronic fund transfer service PESONet

ABS-CBN News
Updated as of Sep 25 03:19 PM

United Coconut Planters Bank (UCPB) on Monday said its customers can now avail of the affordable electronic fund transfer service PESONet using the UCPB mobile app.  Read more »