-
Jun 04 2021 Foreign exchange rules liberalized further
THE MONETARY BOARD approved last month new rules governing foreign exchange (FX) transactions of banks, hiking the limit on their net open foreign exchange position (NOP) as part of the central bank’s move to further liberalize the market.
The Bangko Sentral ng Pilipinas (BSP) has raised the net FX position limit to 25% of the qualifying…
-
Jun 04 2021 Intellicare Taps Unionbank to Open Digital ePaycard Accounts for Affiliated Doctors
Philippines’ health maintenance organisation (HMO) Asalus Corporation which operates under the trade name Intellicare, partnered with Union Bank of the Philippines for ePaycard Digital Account Opening (eDAO).
This helps to speed up the disbursement of professional fees, benefits, and other reimbursements for affiliated doctors.
UnionBank offers an account opening facility that is efficient, paperless, and with a fully digital…
-
Jun 04 2021 BSP adjusts NOP limit of banks
The Bangko Sentral ng Pilipinas has adjusted the net open foreign exchange position (NOP) ceiling for banks in order to increase liquidity in the market, Governor Benjamin Diokno announced on Thursday.
He made the announcement during the central bank’s weekly briefing. By August, the NOP limit shall be raised to the lower of 25 percent of…
-
Jun 04 2021 [FEATURING] Pinoys prefer DiskarTech platform for cash disbursement
From a simple mission of embracing the huge unbanked population of Filipinos through financial inclusion; to empowering every Juan and Juana micro-entrepreneurs. And then, later on, paving the way to make it easier for others to receive money from others wherever they are, the trailblazing DiskarTech has been snaring the wave for the good of…
-
Jun 04 2021 [FEATURING] Unistar Credit and Finance Corporation Entrust FinScore with Uplifting their Credit Scoring with Telco Data
Unistar Credit and Finance Corporation, a financing company based in the Philippines, partners with FinScore as their alternative data analytics partner for credit scoring and fraud flagging.
For over 15 years, Unistar has been serving Filipinos by providing affordable financing to a growing number of customers through its partner retail motorcycle businesses, Transcycle and Powercycle. Currently,…