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…
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…
Philippine digital payments expose ERP bottlenecks
Digital payments now account for 57.4% of monthly retail transaction volume and 59% of transaction value in the Philippines, according to the Bangko Sentral ng Pilipinas’ (BSP) 2024 Report on…
MariBank secures BSP digital banking license
MariBank has received an official digital banking license from the Bangko Sentral ng Pilipinas (BSP), allowing it to operate as a full-fledged digital bank and expanding its ability to serve…
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…
SMEs can now get payment cards without bank accounts
Philippine small and medium-sized enterprises (SMEs) can now issue a business payment card in less than five minutes without opening a bank account, as fintech company PayMongo, payments technology company…
GCash to replace SMS OTPs with in-app codes by June 22
GCash, a finance app used for payments and money transfers, will fully switch to in-app One-Time Passwords (OTPs) starting June 22, replacing SMS-based codes to help reduce phishing scams and…
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…
PH leads APAC in observability-driven security
By Gowrisankar Chinnayan, Director of Product Management, ManageEngine FSO Philippine enterprises are steadily positioning themselves among the more advanced markets in Asia-Pacific (APAC) when it comes to applying observability to…
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…
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…
Salmon Bank offers 8% interest on time deposits
Salmon Bank (Rural Bank) has launched its “Bank On Eight” promo, offering an 8% per year interest rate on Time Deposit placements of at least ₱1 million. The promotion is…
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…
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)…
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