For brief periods, the Bank of the Philippine Islands (BPI) would forgo transfer costs for modest InstaPay transactions conducted using its mobile application. Fees for a cartload of groceries worth up to P1,000 is already free if paid using BPI’s mobile app According to a news story posted on its website, no costs will be […]
Security Bank Corporation (PSE: SECB) posted a net profit of P2.4 billion in the first quarter of this year, driven by growth in its core businesses. On a sequential quarter-on-quarter basis, net profit increased 18 percent. Net interest margin increased to 4.06 percent, up by 14 basis points versus the previous quarter. Facade shot of […]
Huawei, a leading global provider of information and communications technology (ICT), is setting up industry guidelines on power consumption and encouraging green investments, saying that it expects regulators in the Philippines to step up green finance efforts starting this year. “While green finance is not a new topic, its actual implementations and best practices may […]
Metropolitan Bank & Trust Co. (Metrobank) was recently named “Best Bank in the Philippines” at the recently concluded Euromoney Awards for Excellence 2022. The award helps solidify the bank’s strong position and reliability as the country’s second largest bank. “Metrobank’s story was about more than prudence. The bank is out there supporting a reviving economy, […]
Citi, an American multinational investment bank and financial services company based in New York City, is now working on improving its global consumer base and recruiting more talent as it continues to grow its banking presence in Asia. Just recently, the largest foreign commercial bank in the country completed the sale of its retail-banking business […]
The Rizal Commercial Banking Corp. (RCBC) is pushing for the creation of a scorecard that can be used to assess the risk profile of the unbanked, who now face a great challenge since they have no credit history or banking information. The scorecard will be improved further by using external information such as personality, behavioral […]
Cryptocurrencies have become extremely popular in the Philippines due to the economic shift that the country had gone through during the COVID-19 pandemic when digital assets started gaining popularity. Experts are now looking at this transformation as a possible game-changer that can turn the Philippines into a new crypto hub. In a survey conducted by […]
Standard Chartered Bank (SCB) was recently recognized for its achievements in transaction banking, winning a total of 97 awards across its markets during The Asset Triple A Awards 2022. The bank was also named the Best E-Solutions Service Provider in the Philippines. Transaction banking is a banking service that allows for the safe flow of money […]
Three international digital banks with local operations in the Philippines have made it to the inaugural list of The Asian Banker (TAB)’s top 100 global rankings list this year based on their financial technology and retail operations. TAB is a leading provider of strategic business intelligence and builder of platforms on the financial services industry. […]
Don’t look now but if you thought that your purchases are safe because you’ve been ordering from the same online seller many times over, think again. In a survey conducted between February to April this year, it was found that almost seven out of 10 — or 68.95 percent — phishing attacks in the Philippines […]
