The Credit Information Corporation (CIC), the country’s public credit registry and repository of credit information, has recently onboarded the Bank of Commerce (BankCom) as an Accessing Entity. Accessing Entities or AEs are financial institutions authorized by CIC to access borrowers’ credit reports from its database. IMAGE CREDIT: https://www.creditinfo.gov.ph/ Similar to other AEs, the Bank of […]
After its year-long nationwide roadshow, the Securities and Exchange Commission (SEC) reported that it was able to successfully introduce the capital market as an accessible funding source for small businesses, thus generating millions in capital for hundreds of small businesses in the Philippines. IMAGE CREDIT: https://www.freepik.com/ According to the SEC, 1,584 companies have since registered […]
BPI Direct BanKo Inc. (BanKo), the microfinance arm of the Bank of the Philippine Islands, celebrated its seventh merger anniversary recently with a focus on its mission to become the most trusted microfinance partner of self-employed microentrepreneurs. IMAGE CREDIT: https://www.facebook.com/magbankona/ “Our anniversary signifies BanKo’s enduring vision to help build a better Philippines – one family, […]
Here’s great news to greet electronic wallet (e-wallet) users in the New Year! A new bill has just been filed by Cagayan de Oro 1st District Rep. Lordan Suan that seeks to waive fees for small transactions made through digital wallets in the Philippines. The bill’s author stated that eliminating fees for small transactions will […]
The 1000-Piso polymer banknote of the Bangko Sentral ng Pilipinas (BSP) has just won the High Security PrintingTM Asia’s (HSPA) “Best New Banknote Award” for 2023. The award was announced in Colombo, Sri Lanka last December 5, 2023. The 1000-Piso polymer banknote features the Philippine eagle, one of the rarest and most powerful birds of […]
TikTok Philippines Inc. has recently partnered with PLDT Inc. and Smart Communications Inc. (Smart) through their eBiznovation Buy Local Bazaar Caravan to train micro-, small- and medium-sized enterprises (MSMEs) in the Visayas to use the Tiktok platform to reach new customers and grow their businesses online. The eBiznovation bazaar travelled to Borongan City in Eastern […]
State-owned Development Bank of the Philippines (DBP) has been recognized by the government’s chief corporate regulator for its consistently outstanding performance in the field of corporate governance, a top official of the bank said. DBP President and CEO Michael O. de Jesus (center) after receiving the CGS Hall of Fame Award for 2022 from Executive […]
The cost of living has gone up drastically around the world. This worries Overseas Filipino Workers (OFWs) who diligently support their families in the Philippines. Because of inflationary prices and remittance fees, the money sent home doesn’t buy as much as it used to. OFWs and their families who rely on them are working hard […]
Coins.ph, the Philippines’ leading cryptocurrency exchange and digital wallet provider, has announced a strategic partnership with Circle Internet Financial (Circle), a global fintech firm and issuer of USDC. IMAGE CREDIT: https://www.shutterstock.com/ The collaboration aims to raise awareness about the benefits of using USDC, the companies said in a joint press statement. According to the press […]
The Bangko Sentral ng Pilipinas (BSP) has maintained the moratorium on InstaPay and PESONet fees, according to Monetary Board Resolution No. 1599 dated December 7, 2023. A man holding a mobile phone while making transactions thru InstaPay and PESONet Under BSP Memorandum No. M-2021-071 dated 28 December 2021, financial institutions that participate in the InstaPay […]
