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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…
The Philippine and Thai central banks have signed a memorandum of understanding (MOU) to foster greater cooperation on banking supervision between the two countries. The MOU signed last Sunday by Bangko Sentral ng Pilipinas Governor Nestor A.…
“WE can expect the new governor to take the BSP (Bangko Sentral ng Pilipinas) to new heights especially in this day and age of digitalization.” Eugene Rigodon, Cebu Bankers Club (CBC) outgoing president, said this as Nestor…
Banking on a suffocating zone defense, the Minglanilla Archangels slowed down the Consolacion Sarok Weavers in the third quarter to post a 77-70 win in Game 1 of the 2017 Cebu Governor’s Cup Inter-cities/Municipalities Basketball Tournament Best-of-Three…
ANXIOUS DEPOSITORS Loyal depositors of the Ayala-led Bank of the Philippine Islands were understandably alarmed and furious over a report on the bank’s statement that they were having an “internal data processing error” that caused discrepancies in…
SECURITY Bank is expected to gain a major foothold on Japanese corporations in the country following its partnership with Bank of Tokyo-Mitsubishi Ltd. (BTMU) earlier this year. Alfonso Salcedo Jr., Security Bank president, said there are many…
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