BSP: Philippines hits digital payments target ahead of 2028
Digital payments accounted for 64.7% of retail payments in the Philippines in 2025, up from 57.4% in 2024, according to the Bangko Sentral ng Pilipinas (BSP). The country has now…
Maya calls for stronger financial resilience in PH
Maya is calling for the Philippines to move beyond simply getting more people into the formal financial system and focus on whether financial services help Filipinos save, borrow responsibly, grow…
GCash enables Visa cards for QR purchases
Visa cardholders will soon be able to pay at GCash QR merchants directly through the GCash app, removing the need to top up their wallets before making a purchase. The…
BSP clarifies rules on digital transfer fees
FinTech Alliance PH said the Bangko Sentral ng Pilipinas (BSP) has clarified that Circular No. 1238 does not require banks and payment providers to remove electronic fund transfer fees, giving…
BSP expands digital payments with 3 new services
The Bangko Sentral ng Pilipinas (BSP) and Philippine Payments Management Inc. (PPMI) have introduced three new digital payment services designed to make paying bills, moving money, and doing business easier…
GoTyme Bank speeds up account opening with PhilSys
GoTyme Bank has integrated directly with the Philippine Statistics Authority’s National ID Authentication Services (NIDAS), becoming one of the first banks in the country to use the system for digital…
BSP issues AI cybersecurity guidance for banks
The Bangko Sentral ng Pilipinas (BSP) is urging banks and other BSP-regulated entities to strengthen their cybersecurity as artificial intelligence (AI) gives cybercriminals new ways to attack financial systems. In…
BSP boosts scam investigations with DOJ data sharing
The Bangko Sentral ng Pilipinas (BSP) and the Department of Justice (DOJ) have signed an information-sharing agreement that aims to speed up investigations and prosecutions involving online financial scams under…
BSP issues AI guidance to strengthen financial services
The Bangko Sentral ng Pilipinas (BSP) has introduced new guidelines to help banks and other financial institutions use artificial intelligence (AI) safely and responsibly as more financial services adopt the…
More banks now offer zero transfer fees
More Philippine banks are removing transfer fees as competition in digital banking heats up, making it cheaper for customers to send money online. After the Bank of the Philippine Islands…
BSP tightens authentication for digital banking
Digital banking users in the Philippines will get additional security checks as banks and e-wallet providers move away from relying mainly on SMS- and email-based one-time passwords (OTPs) for risky…
Home Credit promotes financial wellness among employees
Consumer finance company Home Credit Philippines held a series of financial wellness workshops for employees across its National Capital Region offices, focusing on practical money management, savings, and long-term financial…
Kaspersky backs BSP cyber checks for Philippine banks
Security threats targeting banks are becoming harder to detect, and cybersecurity firm Kaspersky said the Bangko Sentral ng Pilipinas’ (BSP) new self-assessment requirement could help financial institutions close long-standing security…
Fintech firms expand offline access to boost PH inclusion
Financial technology (fintech) firms are stepping up efforts to reach Filipinos with limited or no internet access, as industry leaders warn that connectivity gaps continue to block wider financial inclusion…
Coins.ph CEO urges LGUs to modernize payment systems
Digital asset trading platform Coins.ph urged local government leaders to modernize public payment systems, warning that slow and manual processes are quietly draining public resources. Wei Zhou, CEO of Coins.ph,…
Fiuu: Interoperability, cashless shift to define PH payments
Digital payments in the Philippines are entering a more mature phase in 2026, shaped by stronger infrastructure, tighter regulation, and changing consumer habits, according to Southeast Asian fintech platform Fiuu.…
Zed opens Android app to 200,000 users on waitlist
Zed, a fintech firm, has launched its Android app, giving access to most of the nearly 200,000 people on its waitlist and widening the reach of its digital credit card…
RCBC expands ATM Go in remote areas via Starlink
Rizal Commercial Banking Corp. (RCBC) is expanding its RCBC ATM Go network in geographically isolated and disadvantaged areas (GIDAs) using Starlink satellite internet to support digital banking access. RCBC said…
Metrobank projects February rate cut to aid local growth
Metrobank expects the Bangko Sentral ng Pilipinas (BSP) to cut its key policy rate by 25 basis points to 4.25% at its Feb. 19 meeting, to support domestic growth amid…
Metrobank expects BSP to cut rates as inflation stays in check
Metropolitan Bank & Trust Co. (Metrobank) sees room for the Bangko Sentral ng Pilipinas (BSP) to lower interest rates this year, as inflation remains within the central bank’s target. This…
Visa, RCBC partner to expand debit payment access for Filipinos
Visa, a global digital payments company, has signed a debit partnership with Rizal Commercial Banking Corp. (RCBC), one of the largest universal banks in the Philippines, allowing RCBC customers to…
BSP warns public against scams using its name, staff
The Bangko Sentral ng Pilipinas (BSP) warned the public that its offices and employees do not conduct or help with personal financial transactions, following reports of scams using the central…
Metrobank projects gradual economic gains in 2026
Metrobank expects the Philippine economy to recover moderately this year after a difficult 2025. The year started with uncertainty from US economic policies, which affected global markets. While the Philippines…
Metrobank sees rate cuts and growing long-term yields in 2026
Metropolitan Bank & Trust Company (Metrobank), a universal bank, expects a pickup in economic activity in 2026, driven by the return of public construction and the delayed impact of monetary…
BSP highlights role of reliable data in shaping public policy
The Bangko Sentral ng Pilipinas (BSP) said reliable data is essential in creating policies that support the needs of Filipinos. “Data is the lens through which we understand our people’s…
Filipinos can now open US bank accounts through RCBC Pulz app
Rizal Commercial Banking Corp. (RCBC) has partnered with Meridian, a US-based provider of real-time global payments, to introduce the RCBC Pulz App US Virtual Account, a service that allows Filipinos…
BSP enforces cap on large cash transactions
The Bangko Sentral ng Pilipinas (BSP) has set new rules limiting cash transactions to strengthen safeguards against money laundering and related risks. In its Circular No. 1218, series of 2025,…
BSP applies new law to probe bank accounts linked to flood-control corruption
The Bangko Sentral ng Pilipinas (BSP) has started investigating bank accounts linked to the flood-control corruption controversy, using the Anti-Financial Account Scamming Act (AFASA) for the first time. The law,…
FSCC sets new monitoring framework for non-bank financial institutions
The Financial Stability Coordination Council (FSCC), an interagency body that monitors systemic risks in the financial system, has begun work on a new monitoring framework for non-bank financial institutions (NBFIs)…
UnionBank joins BSP in pilot launch of Open Finance for PERA
Union Bank of the Philippines (UnionBank) joined the Bangko Sentral ng Pilipinas (BSP), fellow PERA administrators, and financial services partners in the ceremonial launch of the Open Finance for PERA…
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