Enterprise tech news and intelligence in the Philippines
The Bangko Sentral ng Pilipinas (BSP) has launched a mobile app to make financial services and information more accessible to Filipinos and investors. Launched on April 14, the BSP Mobile…
The Bangko Sentral ng Pilipinas (BSP) and the International Finance Corp. (IFC) signed an agreement to promote the use of movable assets for loans, to help more micro, small, and…
The Bangko Sentral ng Pilipinas (BSP) has launched the fourth Digital Financial Inclusion Awards (DFIA), a program that aims to highlight the efforts of microfinance institutions (MFIs) and microentrepreneurs who…
The Bangko Sentral ng Pilipinas (BSP) has urged banks and financial institutions to stay alert for possible vote buying through e-wallets and other digital platforms ahead of the May elections.…
The Commission on Elections (Comelec) and the Bangko Sentral ng Pilipinas (BSP) have completed the deposit of the Final Trusted Build Source Codes for the upcoming national and local elections…
The BSP defines unfit paper and polymer banknotes as those that are dirty, soiled, limp, stained, or have faded prints or visible writings.
The Council will bring together key industry players to improve cybersecurity measures and ensure financial institutions are prepared for potential risks.
On Feb. 5, 2025, leaders of digital payments processor Visa met with officials from the Bangko Sentral ng Pilipinas (BSP) to discuss ways to increase access to financial services and…
The Bangko Sentral ng Pilipinas (BSP) is considering removing one-time password (OTP) authentication as phishing scams and other fraud schemes continue to target bank customers, according to news reports. OTP…
By Ian Farquhar, Security Chief Technology Officer, Gigamon The banking sector plays a crucial role in any country’s economy, making cybersecurity a priority focus, especially as financial institutions in the…
Wise, a global financial technology company, now has direct access to InstaPay, the Philippines’ real-time payments infrastructure. The connection allows Wise to settle directly with the Bangko Sentral ng Pilipinas…
Digital bank Maya is enhancing access to credit for underserved Filipinos through artificial intelligence (AI), raising its total loan disbursements to P67 billion as of September 2024. AI-driven assessments help…
The Financial Inclusion Steering Committee (FISC), led by the Bangko Sentral ng Pilipinas (BSP), has launched a website to make financial services more accessible to all Filipinos. The website was…
Digital bank GoTyme Bank has partnered with the Bangko Sentral ng Pilipinas (BSP) to become the first bank to support coin deposits through the BSP’s Coin Deposit Machines (CoDMs). The…
An app designed to help Filipinos plan for a financially secure retirement emerged as the top proof-of-concept (POC) at the “Race to the Future: The Open Finance PH Hackathon,” organized…
ING Philippines expects that the Bangko Sentral ng Pilipinas (BSP) may begin easing its key interest rate, currently at 6.5%, in the near term. This action could precede similar moves…
The Bangko Sentral ng Pilipinas (BSP) and the Department of Labor and Employment (DOLE) are encouraging labor and employer sector leaders to adopt digital wage payments. This push was emphasized…
The Bangko Sentral ng Pilipinas (BSP) has issued a new circular to protect customers and merchants when engaging with operators of payment systems (OPS). The Regulatory Framework for Merchant Payment…
The Bangko Sentral ng Pilipinas (BSP) recently announced that it would issue licenses to four more digital banks, signaling a growing shift in the banking landscape. Amid this development, Maya…
The Bangko Sentral ng Pilipinas (BSP) has announced that it will begin accepting applications for new digital banks starting Jan. 1, 2025, following the lifting of a moratorium that has…
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has approved new guidelines for the “Settlement of Electronic Payments under the National Retail Payment System (NRPS) Framework.” This move…
Based on the data of the Bangko Sentral ng Pilipinas (BSP), digital payment transactions in the country rose from 42.1% in 2022 to 52.8% in 2023. This growth, as recorded…
The Bangko Sentral ng Pilipinas (BSP) and the Bureau of the Treasury (BTr) have introduced a fully automated Intraday Settlement Facility (ISF) to streamline financial transactions for financial institutions (FIs).…
For Savings Consciousness Week, fintech app GCash offered unbanked and under-banked Filipinos access to convenient and safe high-earning savings accounts. According to GCash, 1 in 4 bank account holders in…
The latest report by ACI Worldwide, real-time electronic payment and banking solutions provider, shows that real-time payment transactions in the Philippines saw a 24% year-on-year increase in 2023. The report…
The Bangko Sentral ng Pilipinas (BSP), in collaboration with the Bank for International Settlements (BIS) and regional partners, announced the completion of the blueprint for the next phase of Project…
Zed, a credit-led neobank, has received its Certificate of Authority from the Bangko Sentral ng Pilipinas (BSP), officially becoming the first Philippine neobank to operate as an independent credit card…
The Bangko Sentral ng Pilipinas (BSP) has introduced new regulations to improve the handling of customer issues with electronic fund transfers (EFTs) under the National Retail Payment System (NRPS). In…
The Bangko Sentral ng Pilipinas (BSP) has expressed its support for the implementation of the eTravel Customs System in all international airports across the Philippines. This new system aims to…
Trade and Industry Secretary Alfredo Pascual stressed the importance of establishing a clear and comprehensive framework to propel e-commerce forward in the country as he signed the implementing rules and…
You must be logged in to post a comment.