MANILA, Philippines – The Bank of the Philippine Islands (BPI) will permanently eliminate fees for interbank fund transfers across its digital platforms beginning July 1, as part of its 175th anniversary and a broader push for financial…
MANILA, Philippines — Deposits held by the country’s digital banks surged past P150 billion in the first quarter, highlighting the sector’s rapid expansion as online-only lenders continue gaining ground against traditional banks. Latest data from the Bangko…
MANILA, Philippines — Philippine banks delivered a record-breaking performance in the first quarter of the year, with profits climbing despite heightened volatility in global markets brought about by tensions in the Middle East. Data released by the…
CEBU CITY, Philippines — Digital banks in the Philippines topped the country’s list of best banks, according to American business magazine Forbes. Forbes, on April 8, released its latest edition of the World’s Best Banks, with eight…
MANILA, Philippines — Land Bank of the Philippines plans to sell UCPB Savings Bank Inc. through a negotiated sale for at least P2.39 billion. Interested buyers must pass a pre-qualification process and submit a letter of intent…
Just days after users reported unauthorized deductions from their accounts, popular e-wallet platform GCash faced another issue. On Friday afternoon, the Ayala-backed company announced that its bank transfer feature via BancNet was experiencing problems, though the cause…
CEBU CITY, Philippines — As the Bangko Sentral ng Pilipinas (BSP) starts accepting applications for digital banking licenses again, the Philippine financial sector is set for a big change. This move highlights the important role digital banks…
The Bangko Sentral ng Pilipinas (BSP) will resume accepting applications for digital banking licenses after three years, allowing more players into the growing industry. The number of available slots is still unknown, but BSP Governor Eli Remolona…
CEBU CITY, Philippines — State-owned Development Bank of the Philippines (DBP) continues to broaden its support for the developmental projects of key economic sectors with P414.72-billion in total loans to borrowers as of the end of March…
CEBU CITY, Philippines — The Cebu Chamber of Commerce and Industry (CCCI) calls on business sector and government to implement ways to address adverse effects of COVID-19 (Coronavirus Disease 2019). In a position paper, CCCI cited the…
BDO Unibank is scheduled to implement this month key systems enhancements that would deliver better electronic banking and ATM experience to its corporate and retail clients moving forward. With the implementation of the said upgrade, the following…
CHINA unveiled plans on Tuesday for the biggest shakeup of government in at least a decade, including the merger of its banking and insurance regulators to better handle financial risks as leaders look to address concerns over…
