Philippines
Philippine account ownership sinks as microfinance access weakens
Philippine account ownership sinks as microfinance access weakens
E-money wallets stayed at 36% whilst bank access held at 23%.
6 hours ago
UnionBank hits 2 million credit cards in circulation
It also claims the highest Visa credit payment volume among Philippine banks in 2025.
23 hours ago
Philippine SMEs can issue virtual prepaid cards in five minutes
Paymongo provides the service whilst Paymentology and Mastercard provide the licensed framework.
4 days ago
How exposed are Philippine banks to Iran war?
Debt in oil-sensitive sectors could spill into the banking system.
6 days ago
Philippine banks dodge Middle East risk but corporate debt is the backdoor
Foreign reserves and prudent FX intervention serve as important buffers, BSP said.
PH bank lending accelerates to 11.4% in April on business demand
Consumer loans continued to show growth but moderated from March levels.
Tokenisation in the Philippines: The consumer is ready, but is the infrastructure?
Being token-ready involves much more than switching on wallet acceptance.
GoTyme Bank rolls out international transfers to 170 countries
It supports transfers in 8 currencies.
BPI channels down on June 6 for Robinsons Bank integration
VIBE will be accessible to pay bills, buy loads, and redeem rewards, BPI said.
Philippines to tighten oversight of pawnshops and NBFIs
The council is also working to improve its monitoring of risks and interlinkages in the system.
Philippine banks resilient but energy and debt risks loom: regulators
Sectors sensitive to energy and interest rates were flagged by the stability council.
PNB cuts batch processing by 75% after two-year core banking over
This frees IT teams from late-night monitoring and troubleshooting.
More than half of Filipinos have financial accounts but few hold bank accounts
Lack of money and unemployment were amongst the biggest barriers to opening a bank account.
BSP approves releasable capital buffer to keep lending in downturns
The PN-CCyB designates 1.5% of banks’ CET1 as a releasable buffer.
Philippine banks face slower loans and rising credit costs in 2026
The Middle East war and an earlier graft scandal is weighing on loan demand, says CreditSights.
UnionBank enables real-time cash deposits at 2,100 ECPay kiosks
The 2,100 ECPay kiosks can deposit up to $161 per transaction.
Philippine cash remittances up 2.8% to $8.68b in Q1
The US remains the top source of cash remittance.
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