BSP surpasses digital payments’ goal
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…
BSP considers reducing fees on e-payments
Citing the objective of the Digital Payments Transformation Roadmap 2020-2023, the Bangko Sentral ng Pilipinas (BSP) is considering lowering transaction fees for e-payments and other platforms. “I am sure that…
Bangko Sentral, PPMI to launch 3 e-payment streams
In the course of two years, the Bangko Sentral ng Pilipinas (BSP) together with the Philippine Payments Management Inc., (PPMI) are set to launch three e-payment streams to push the…
Nearly 3 in 4 encountered cyberthreat via digital payment — Kaspersky
Almost 3 in 4 or 72% of the respondents using e-payment platforms had a close encounter with cyberthreats, according to the recent report by cybersecurity solutions firm Kaspersky. In its…
2C2P partner merchants to use ShopeePay as payments option
2C2P, a global payments platform, and ShopeePay, an integrated mobile wallet, partnered to increase access to digital payments for consumers and merchants. Merchants in the 2C2P will now be able…
Consumers in SEA want strong security for e-payments — Kaspersky
Research by cybersecurity solutions firm Kaspersky showed that e-payment adopters in Southeast Asia (SEA) are becoming increasingly aware of the importance of safeguarding their financial data. Digital payments have seen…
Gov’t, business leaders push for transition to e-payments
Government officials and business leaders believe that digital payments or e-payments will “bring economic growth and create a more inclusive Philippines.” This was revealed during the virtual dialogue “Advancing E-Payments…
Banks, e-money providers urged to help consumers transition to e-payments
The Philippine Payments Management Inc. (PPMI) urged its members to continue helping consumers use online and mobile banking amid the continuing quarantines caused by the COVID-19 pandemic. “Banking should be…
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