Latest News

By: Inquirer
Source: business.inquirer

MANILA  – Philippine banking stocks came under pressure on Monday after negative sentiments from the closure of US-based Silicon Valley Bank (SVB) spilled over into the local market on Monday.

This was despite the country’s biggest lenders having no exposure…

By: Fintech News
Source: fiintechnews
The Bangko Sentral ng Pilipinas (BSP) has given all BSP-supervised financial institutions (BSFIs) until 1 July 2023 to fully adopt the National QR Code Standard (QR Ph).
The guidelines were issued via a memorandum that provides for the transition of non-QR…

By: Business World
Source: businessworld
ELEVATED INFLATION will be a key risk for the microfinance industry and its customers this year as customers will find it more difficult to pay their loans, officials of a financial technology firm said.
“We’re sort of seeing that…

By: Business World
Source: businessworld
The banking industry, like all other sectors, saw the urgency for transformation to keep up with the new normal brought by the pandemic. Bankers must continue to be conversant with the developments, such as in technology and the…

By: Business World
Source: businessworld

DIGITAL TRANSACTIONS coursed through Land Bank of the Philippines (LANDBANK) grew by 126% year on year in terms of value and by 14% in volume, it said on Tuesday.
The state-run bank said in a statement on Tuesday that the…

By: Business World
Source: businessworld

THE ADOPTION of electric invoices and receipts and digitizing more government transactions can help the Bangko Sentral ng Pilipinas (BSP) achieve its target to have 50% of all retail payments done online by the end of the year.
“When…

By: Fintech News
Source: fintechnews
The Bangko Sentral ng Pilipinas (BSP) said that it will continue to work with banks to lower or waive transaction fees for smaller e-payments.
The regulator is looking to make financial digitalisation more inclusive in line with the BSP’s Digital Payments…

By: Business World
Source: businessworld

On-demand salary platform Advance has partnered with Sitel Philippines, one of the largest providers of customer experience products and solutions in the country, to advance employees’ financial wellness through its services.
With this partnership, over 43,000 employees of Sitel…

By: Seamless
Source: terrapinn

The FinTech Alliance congratulates our Founding Chairman Lito Villanueva as among the 2023 Seamless Asia’s Top 50 Banking and Payments Leaders.

Lito is an award-winning thought-leader on digital transformation and inclusive finance. With 25 years of experience and over 70…

By: Phil Star
Source: philstar

Released

MANILA, Philippines — The earnings of Yuchengco-led Rizal Commercial Banking Corp. (RCBC) surged by 71 percent to an all-time high of P12.1 billion last year from P7.1 billion in 2021, supported by the double-digit increase in core…