Breaking away from the online norm, the Bangko Sentral ng Pilipinas (BSP) and the Department of Trade and Industry (DTI) recently held an “in-person” Cashless Expo at the World Trade Center in Pasay City. This format was made to enable attendees to network and engage face-to-face, fostering meaningful connections within the industry. Another goal of […]
The Philippine Deposit Insurance Corp. (PDIC) has recently added LandBank’s Link.BizPortal digital payment facility to its array of available payment channels. Using clients’ eligible source accounts such as LandBank or OFBank deposit account and/or corporate payment, e-wallet account and deposit accounts with other banks, the Link.BizPortal can now be tapped by clients of closed banks […]
The Bangko Sentral ng Pilipinas (BSP) has reached another central banking milestone recently with the onboarding of OmniPay, Inc. to the roster of financial institutions that settle high-value transactions safely and instantly through the BSP-owned and operated PhilPaSSplus. On October 20, 2023, OmniPay, Inc. became the first nonbank electronic money issuer (EMI) participant in the BSP’s […]
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 […]
Last week, the 2023 Alliance for Financial Inclusion (AFI) Global Policy Forum issued a public declaration, aptly called the “Manila Manifesto,” which called on global financial standard-setting bodies to help make financial products and services more accessible, safe, and affordable for everyone. IMAGE CREDIT: https://www.afi-global.org/ The 2-day forum was jointly hosted by the AFI and the […]
Listed China Banking Corp. is injecting an extra P2 billion into its thrift banking division to support continued loan growth and increase its capacity to service new banking population segments. The capital infusion to China Bank Savings Inc. (CBSI) was approved by the board of directors of the Sy-led bank recently in order to support […]
With 1.4 billion people still excluded from the formal financial system, leaders of central banks, ministries of finance, as well as financial regulators from all over the world are now gathering in the Philippines to discuss how to make financial products and services safe, accessible, and affordable for all. About 700 delegates from over 70 […]
