-
Feb 26 2024 ADB Grants to Fund Digital Transformation for 9 Philippine Rural Banks
By: FintechNews
Source: fintechnewsT
he Asian Development Bank (ADB) has allocated grants amounting to US$655,000 to support the digitalisation efforts of nine rural banks, plus a bank consortium in the Philippines. This financial assistance aims to facilitate these banks in adopting digital technologies to enhance their services, especially for the country’s underserved communities.
The banks set to benefit…
-
Feb 23 2024 Taxing pixels: Taking a byte out of the digital pie
By: Philstar
Source: philstarThe ITA aims to institute the promotion and maintenance of a robust e-commerce environment in the country by building trust between online merchants and online consumers as a policy of the State.
Reshaping e-commerceDespite the promise of convenience and growing popularity of electronic commerce (e-commerce), the widespread use of digital trade platforms has proven…
-
Feb 22 2024 Gov’t, AMLC, renew vow to combat ‘dirty money’
By: ManilaBulletin
Source: manilabulletin
The Bangko Sentral ng Pilipinas (BSP)-led Anti Money Laundering Council (AMLC) said Tuesday, Feb. 20, that it has secured once more the full commitment of various government agencies to strengthen the fight against money-laundering and terrorist financing in the country.
“In the meeting (on Feb. 7), all concerned agencies expressed commitment to complete their… -
Feb 21 2024 -
Feb 20 2024 Telcos split on need for AI rules
By: Philstar
Source: philstarMANILA, Philippines — Should the use of artificial intelligence (AI) be regulated?
Telco leaders are divided on whether the government should introduce legislation on AI to mitigate potential threats like job losses and online fraud.
In separate interviews with The STAR, telco magnates Dennis Anthony Uy, Manuel V. Pangilinan and Ernest Cu gave their take…
-
Feb 19 2024 -
Feb 19 2024 -
Feb 19 2024 Brankas Set to Expand QR and e-Wallet Payment Services for NetGlobal Pay
By: FintechNews
Source: fintechnewsB
rankas and NetGlobal Solutions Inc. have recently formalised a Memorandum of Agreement that facilitates a collaborative effort to expand the capabilities of NetGlobal Pay. This initiative focuses on enhancing the platform’s offerings to include QR Ph, pay-by-bank, and pay-by-wallet functionalities across its payment and e-wallet services.
Through the integration of Brankas’ Direct API and…
-
Feb 18 2024 2023 FinTech Alliance Philippines Performance Milestones
The FinTech Alliance PH held its 1H 2024 General Membership Meeting highlighting its 2023 accomplishments. The event also featured BIR Commissioner Jun Lumagui Jr on the Ease of Paying Taxes and the RR 16-2023. New members have also been sworn in adding to the growing network of the Alliance.
Welcome to a new era of digital…
-
Feb 14 2024 Financial literacy seen aegis vs scammers
By: BusinessMirror
Source: businessmirrorTo combat the rising incidents of online scams, Bicol Saro Partylist Rep. Brian Raymund S. Yamsuan has filed House Bill (HB) 9888, which seeks to institutionalize government financial literacy programs for workers.
Under the proposed legislation, the Department of Labor and Employment (DOLE), Department of Trade and Industry (DTI) and Bangko Sentral ng Pilipinas…