Philippines
BSP probes bank accounts tied to flood control corruption
BSP probes bank accounts tied to flood control corruption
This comes after a department secretary filed an official request.
Philippine central bank limits daily cash withdrawals, transactions to $8,750
Transactions beyond that must be done through traceable channels like cheques, and online transfers.
Atome, Maya partner in $48m deal to expand lending
They will work together to extend flexible payment options to Filipinos.
BDO partners with VinFast, V-Green to boost the Philippines’ EV ecosystem
BDO will support the expansion of the three companies.
Philippine cash remittances up 3% to $3.18b in July
Cumulative cash remittances for the January-July 2025 period is now at $19.93b.
Bank of Commerce PH upgrades system of 140 branches and ATMs
The Philippine bank teamed up with InfoSys and IBM to roll out the upgrade.
Philippine banks’ loans up 11.8% in July
This extends the growth in June, albeit at a slower pace, official data showed.
Philippine regulators propose enhancing NBFI monitoring framework
The council noted increasing interconnectedness of NBFIs with the financing system.
UnionBank of the Philippines rolls out pilot for easier retirement account opening
Users can now open PERA accounts using their bank or e-wallet data.
PH digital bank GoTyme expands free InstaPay transfers to 20 per month
After the 20th transfer, each transaction will cost PHP 9.
Cathay United Bank, RCBC to jointly promote Taiwan investments to the Philippines
CUB saw an increase in clients seeking advisory services for market entry in the PH.
Unbanked Filipinos narrow gap in credit perceptions: TransUnion
Fintech users showed the highest trust in credit products.
GCash launches tap to pay for 150 million Mastercard locations
The service uses Near Field Communications (NFC) technology.
Union Bank of the Philippines hires senior officers for compliance
A new relationship manager has also been appointed.
Philippine cash remittances up 3.7% to $2.99b in June
The US remained the top source of remittance to the Philippines.
Philippine central bank orders banks, e-wallets to remove in-app gambling access
The suspension will remain in place until a policy is finalised.
Palawan Group of Companies Marks 40th Anniversary, Continues Mission to Empower Filipinos
The celebration kicked off on August 5 with a spotlight on Palawan’s B2B arm.
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