Philippines
Visa, USSC Money Services enable Visa Direct for cross-border B2B payments
Visa, USSC Money Services enable Visa Direct for cross-border B2B payments
Visa Direct facilitates transfer of funds to eligible cards, bank accounts, and wallets.
4 days ago
Philippine central bank gears up for instant cross-border transfers
Monetary authorities in Asia are about to bring Project Nexus to market.
5 days ago
JuanHand drives embedded lending with e-commerce tie-ups
The lending app only requires an ID, a smartphone, and an internet connection.
Security Bank enhances eKYC process in digital app
It has included enhanced fraud detection capabilities, including deepfake prevention.
Bank of Makati joins the Philippines’ “Piso Caravan” program
There are now 141 financial institutions participating in the program, the central bank said.
Philippine lending app JuanHand, Netbank team up to offer business loans
The loans will be tailored to the businesses’ specific needs, the two fintechs said.
Philippine central bank eyes AI rules for banks
Artificial intelligence should not diminish banks’ responsibility to uphold data privacy.
Philippine bank loans up 12.2% in February
Consumer loans to residents rose by 24.1% during the month.
PH central bank orders FIs to strengthen surveillance against vote buying
The Philippines will hold elections in May 2025.
MoneyHero partners with BPI to expand credit card offerings
Users can compare more than 20 credit card options in MoneyHero’s platform.
RCBC boosts rural presence with ATM Go
The service, which allows cardless transfers, is now available in all Philippine cities.
Chart of the Week: 1 in 4 Filipinos have used BNPL services
The number of unique users rose by 40% as of end-2024.
BPI integrates 10 Robinsons Bank branches to branch network
These include 5 branches in Metro Manila and 1 branch each in Cebu and Zamboanga.
Philippine banks report “generally strong” loan growth in Q4
Some major banks’ saw dramatic rises in NPL ratios.
PH banks and insurers face MSME credit gap, AI fraud, climate risk
Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
Philippine banks and insurers called to pursue human-centred AI adoption
AI adoption should be centered on financial inclusion, customer experience, and personalisation.
Metrobank’s net profit up 14% in 2024 on higher loans and deposits
Its pre-provisioning operating profit fell 11%, however.
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1. Philippine central bank gears up for instant cross-border transfers 2. AXA launches digital insurance with Ant Bank, AlipayHK tie-up 3. HSBC Singapore launches premium credit card for wealthy clients 4. OCBC-backed working group unveils coal financing transition guidelines 5. Visa, USSC Money Services enable Visa Direct for cross-border B2B paymentsResource Center
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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