Philippines

Mynt IPO could raise $1.5b for GCash parent

Mynt IPO could raise $1.5b for GCash parent

The final price will be set later through a book building process.
8 hours ago

Philippine-based BPI to waive interbank transfer fees from 1 July

Transfers to banks and e-wallets will no longer cost $0.16 to $0.82.
9 hours ago

Filipino borrowers halve since 2021 as debt aversion grows

Formal credit overtakes informal lending as seven in 10 Filipinos call loans a bad idea.
16 hours ago

Philippine central bank revises payments framework to protect consumers

Banks and e-wallets must justify charges under the updated rules.
1 day ago

Philippine banks’ loan repayments slash foreign capital inflows

Financial account net inflows fell to $2.4b from $7.4b in the prior year.
1 day ago

PNB, JCB card debuts as Japan travel demand grows

Cardholders can access selected overseas airport lounges and multilingual travel assistance.
1 day ago

Capital relief may push Philippine banks toward excessive risk: analyst

 BSP sees rates on a higher for longer path with further tightening likely, said CreditSights.
6 days ago

BSP raises salary loan repayment cap to seven years

The seven years is the maximum tenor and not a fixed loan term.

BDO tops Philippine brands for third straight year at $3.5b

BPI’s brand value grew 37%, whilst AUB is the country’s fastest growing brand.

GCash operator Mynt gets approval to file for IPO

It will be equivalent to 12% of Mynt’s outstanding common shares post-IPO.

Chubb Philippines embeds cover in UnionDigital Bank app

Eligible loan borrowers receive protection for 3 months at no added cost.

Philippine account ownership sinks as microfinance access weakens

E-money wallets stayed at 36% whilst bank access held at 23%.

UnionBank hits 2 million credit cards in circulation

It also claims the highest Visa credit payment volume among Philippine banks in 2025.

Philippine SMEs can issue virtual prepaid cards in five minutes

Paymongo provides the service whilst Paymentology and Mastercard provide the licensed framework.

How exposed are Philippine banks to Iran war?

Debt in oil-sensitive sectors could spill into the banking system.

Philippine banks dodge Middle East risk but corporate debt is the backdoor

Foreign reserves and prudent FX intervention serve as important buffers, BSP said.