Mocasa, a fintech company specializing in innovative credit payment services, is now authorized by the Credit Information Corporation (CIC) to access its credit database by successfully becoming an Accessing Entity (AE) of the CIC. Accessing credit reports through the Mocasa app Through this milestone, Mocasa aims to revolutionize the financial services industry by leveraging advanced […]
State-owned Development Bank of the Philippines (DBP) has granted an initial P1.106-billion funding support to a Capiz-based real estate developer for the expansion and improvement of their master-planned development venture in Western Visayas, a top official of DBP shared. Photo shows DBP President and CEO Michael O. de Jesus (7th from left) together with Roxas […]
by Jan Michael Carpo, Reporter Fresh from launching a new Local Zones location in Manila last month, which is said to give Filipino customers the ability to deploy applications closer to end users across the city quickly, Amazon Web Services (AWS) is now training its sights on another concern: addressing skills shortage and lack of training among […]
The Bangko Sentral ng Pilipinas (BSP) has just issued an advisory informing the public that the legal tender limit of Philippine coins per transaction has been increased under BSP Circular No. 1162, series of 2022. According to the BSP, the upward adjustment in the legal tender limit was meant to promote the use of coins […]
In an effort to increase coin circulation nationally, the Bangko Sentral ng Pilipinas (BSP) and its retail partners recently installed Coin Deposit Machines (CoDM) in various mall outlets throughout the country. The initiative aims to persuade the public to conveniently deposit their unneeded coins at exchange facilities that are conveniently positioned in a few malls. […]
BMI Industry Research, a division of Fitch Group, is optimistic about the Philippines’ fintech industry, particularly its potential for reaping profits. Nevertheless, it also cautioned investors to be wary of the hazards. Based on the firm’s analysis, the risks are much higher in Indonesia and the Philippines, but these countries offer far more opportunities for […]
CIMB Bank Philippines Inc., a part of the CIMB Group, one of ASEAN’s leading banks present in over 16 global markets, is currently seeking additional partners to provide embedded banking services to more Overseas Filipino Workers (OFWs) and Micro, Small, and Medium-Sized Enterprises (MSMEs). Overseas Filipino Workers (OFWs) arriving home to the Philippines The incorporation of […]
The City of Victorias in Negros Occidental recently launched the “Paleng-QR Ph Plus” in ceremonies held at the Victorias City Commercial Center and Public Market last July 11, 2023. During the event, Victorias City Mayor Javier Miguel L. Benitez was joined by Bangko Sentral ng Pilipinas (BSP) Monetary Board Member V. Bruce J. Tolentino, and […]
The Bankers Association of the Philippines (BAP) welcomed the appointment of Eli Remolona, a Monetary Board member, as the new governor of the Bangko Sentral ng Pilipinas (BSP) recently, even as they expressed support for whatever initiatives he will be implementing that could impact the banking industry and its various stakeholders. In a press statement, […]
Almost 300 combined ATMs and cash recycling machines (CRMs) soon to be installed Bank of Commerce (BankCom), an affiliate of San Miguel Corporation (SMC), recently announced the deployment of new automated teller machines (ATMs) in its branches and offsite locations offering advanced security features combined with a user-friendly touchscreen interface. The deployment is part of […]
