By Edielyn Mangol, Reporter The Philippines is preparing for another leap in its digital payments journey. Global payments giant Visa has announced a program to equip local banks with the infrastructure needed to fully support Apple Pay, Google Pay, and Samsung Pay, bringing the country closer to global standards in device-based, tokenized transactions. In a nation […]
By Edielyn Mangol, Reporter The Bangko Sentral ng Pilipinas (BSP) has taken another major step in fortifying the country’s financial system with the issuance of Circular No. 1218, series of 2025. The new rule, released on September 18, places stricter controls on large-value cash transactions by setting a daily ceiling of ₱500,000 per customer per banking day. […]
By Edielyn Mangol, Reporter Digital payments have become the heartbeat of everyday transactions in the Philippines, changing how people send, receive, and manage their money. As cashless exchanges become the norm, choosing the right transfer method has never been more important — or more complex. Two major players now dominate the scene: PESONet and InstaPay. […]
The Bangko Sentral ng Pilipinas (BSP) and Department of Labour and Employment (DOLE) have formalized a new Memorandum of Understanding (MOU) focused on enhancing data-sharing capabilities. This BSP-DOLE alliance and strategic partnership, sealed on August 29, 2025, aims to align monetary and labor policies by leveraging mutual insights — ultimately empowering better-informed decisions and stronger […]
The Bangko Sentral ng Pilipinas (BSP) has stepped into the widening flood-control corruption controversy, using its newly granted powers under the Anti-Financial Account Scamming Act (AFASA) to investigate suspicious bank accounts tied to the scandal. The move marks the first time the central bank is invoking Republic Act No. 12010, also known as AFASA, which […]
By Edielyn Mangol, Reporter GoTyme Bank has rolled out a customer-friendly update: 20 free InstaPay transfers every month for all users — no conditions attached. This development directly challenges the standard ₱15–₱25 InstaPay fees charged by many banks and e-wallets. After the free limit is reached, each additional transfer will only cost ₱9, which can […]
by Alexis Tuble, Correspondent In a bold regulatory move aimed at addressing the growing social and economic toll of online gambling, the Bangko Sentral ng Pilipinas (BSP) has unveiled a draft circular that seeks to strictly regulate online gambling payments by limiting access to digital payment channels and e-wallets used for betting purposes. The proposed […]
by Alexis Tuble, Correspondent Amid the rapid growth of digital banking and e-wallet usage in the Philippines — which accounted for over 52.8% of the total volume of retail transactions in 2023, up from 42.1% in 2022, cyber threats are becoming increasingly serious, posing significant risks to both public funds and trust. This surge highlights […]
Special Report by Franzel Daleon, Correspondent The Philippine digital finance sector is ablaze with innovation, a battleground where digital banks, e-wallet titans, and legacy institutions clash for the hearts and wallets of digitally savvy Filipinos. From aggressive product launches to strategic alliances, the race is on to redefine the nation’s financial landscape. The Bangko Sentral […]
Special Report by Franzel Daleon, Correspondent Micro, Small, and Medium Enterprises (MSMEs), the backbone of the Philippine economy, are showing remarkable resilience and adaptability, poised for significant growth thanks to a potent combination of digital transformation and the rise of fintech solutions. These enterprises, which comprise over 99.6% of all registered businesses in the country […]
