Philippines
PayMongo's digital payments surge 89% as in-store QR use triples
PayMongo's digital payments surge 89% as in-store QR use triples
PayMongo recorded 10 million transactions in H1 2026, compared to 5.2 million a year ago.
Central bank zeros in on securities, cross-border payments for digital Philippine peso
Project Agila findings will steer wholesale CBDC strategy for financial institutions.
Philippine banks brace for more bad loans and less profit
Fitch also flagged the rapid expansion in unsecured credit card receivables.
Mynt IPO could raise $1.5b for GCash parent
The final price will be set later through a book building process.
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.
Filipino borrowers halve since 2021 as debt aversion grows
Formal credit overtakes informal lending as seven in 10 Filipinos call loans a bad idea.
Philippine central bank revises payments framework to protect consumers
Banks and e-wallets must justify charges under the updated rules.
Philippine banks’ loan repayments slash foreign capital inflows
Financial account net inflows fell to $2.4b from $7.4b in the prior year.
PNB, JCB card debuts as Japan travel demand grows
Cardholders can access selected overseas airport lounges and multilingual travel assistance.
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.
BSP lets Philippine banks exclude paper losses from capital ratios
The measure is in effect until December 2026.
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.
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