Philippines
PH central bank welcomes new anti-financial account scamming law
It authorises the BSP to investigate cases violating law, amongst others.
2 days ago
PH central bank welcomes new anti-financial account scamming law
It authorises the BSP to investigate cases violating law, amongst others.
2 days ago
Philippine central bank rolls out Intraday Settlement Facility
The ISF is designed to support a paperless process.
2 days ago
RCBC unable to sustain improved capital amidst bad loans: Moody’s
Its NPL ratio is “one of the weakest” amongst its domestic peers, Moody’s said.
3 days ago
GoTyme Bank added 1.7 million new customers in H1
It now holds a total of $281.21m (PHP17b) in deposits.
6 days ago
Philippine regulators amend FX regulations, set penalties
A maximum penalty of $17,130 is set for each transactional violation.
Philippine remittances up 3.7% to $2.88b in May
Cumulative personal remittances rose by 3% during the month.
Philippine banks’ extended 10.1% more loans in May
Loans to residents rose 10.2% and consumer loans jumped 25.6%.
Asian Banking & Finance and Insurance Asia Forum 2024 arrives in Manila this October
Join us as we chart the course for a resilient, innovative, and thriving future in the financial sector.
How GoTyme kiosks transformed grocery stores into banking hubs
The digital bank onboarded two-thirds of its 3.4 million users through supermarket kiosks.
BDO wins big at the Asian Banking & Finance Awards 2024 with groundbreaking innovations
Pioneering financial education, wealth management excellence, and cutting-edge retirement solutions propel BDO to the forefront of the banking industry.
Fintech Paywatch secures $30m in series A funding round
Vanderbilt University and Third Prime led the investment round.
Overseas Filipinos’ personal remittances up 3.1% in April
Remittances from the US, Saudi Arabia, and Singapore all grew.
Alipay+ and GHL enable cross-border payments in the Philippines
Mobile wallets include AlipayHK, KakaoPay, Touch ‘n Go, and Alipay.
Philippines' liquidity at 5.6% YoY in April
It was slower than the 5.7% YoY in March.
Filipinos collectively spent 42 years on digital lending apps in 2023
About 63.4% of the time was spent on platforms offering personal loans.
Philippine’s bank loans expand by 9.6% YoY in April
It was higher than the previous month’s 9.4%.
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Deloitte leader: Starting small, scaling up key to staying ahead in business
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This comes as market activities compel banking and finance companies to align technological advancements in the industry with their respective business goals.
This comes as market activities compel banking and finance companies to align technological advancements in the industry with their respective business goals.
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