The central banks of Indonesia, Malaysia, the Philippines, Singapore, and Thailand all expressed their full support and cooperation on the Regional Payment Connectivity.

Asian central banks strengthen cooperation on payment connectivity

BSP gave two more banks a COA to operate as a digital blank, making 6 digital banks that the Philippines currently have.

Phl. now has six digital banks fully operating

The brisk growth of PESONet and InstaPay in 2022 aligns with the BSP’s objective to digitalize retail payment volume and its financial system.

PESONet, Instapay transactions soared in 1st seven months

The Bangko Sentral said its efforts to tame inflation could reap modest results in the first quarter because risks to inflation remain on the upside here and abroad.

MB raises policy rates by 50 bps

The Bangko Sentral has raised the interest rate ceilings on credit card transactions by 100 percent or from 2 to 3 percent. But it maintained the ceilings for monthly add-on rate that credit card issuers can charge on installment loans and the processing fee of availing credit card cash advances at P200 per transaction.

BSP hikes interest rates ceiling on credit card transactions

The Monetary Board in its regular meeting this morning raised the interest rates on BSP's reverse repurchase facility by 75 basis points to 3.25 percent beginning today.

Interest rates hiked by 75 basis points

A local bank in Laguna province has set its sights on expansion as it reported a significant increase in net income in the first three quarters of the year.

Laguna bank sets expansion amid 'boom year'

The first-ever numberless debit card will be launched in the Philippines with the partnership between Masterbank Inc. and UNO Digital bank to counter theft and data risks.

First numberless debit card out soon

Bank executives are expecting the Central Bank to raise interest rates for two times more this year in keeping with the US Fed rate adjustments and to tame inflation, which in February was at 8.6 percent.

Bankers see more hikes in interest rates

First the glitch in the radar system of NAIA on January 1. Then prior to that clients of the oldest Bank of the Philippine Islands complained of “duplicate transactions” in the ATM, debit, POS and cash deposit machines. But BPI said it was not hacking or scam but “human error” during the batch processing.

Banking

Latest News