PH banks maintained loan standards in Q1
According to a survey conducted by Bangko Sentral ng Pilipinas (BSP), banks in the Philippines are expected to either uphold…
Ilocos Sur and Vigan City spearhead Paleng-QR Ph Plus initiative for digital payments adoption
Last April 23, 2024, the Province of Ilocos Sur and the City of Vigan inaugurated the Paleng-QR Ph Plus initiative…
BSP renews campaign against unscrupulous money changers, revokes license of NIKKO Mart
Money changer NIKKO has reportedly committed “serious violations” of money laundering laws The Bangko Sentral ng Pilipinas (BSP) has taken…
Antipolo boosts digital payments via the launch of Paleng-QR Ph Plus in the city
Last April 12, the City of Antipolo in Rizal introduced the Paleng-QR Ph Plus program to promote digital payments in…
Fintech in the Philippines – 2023 review
by the IDfy Team In 2023, the Philippines Open Finance Pilot was initiated and was considered a significant development for…
Credit card sector set for disruption with the launch of the Zed “no-fee” credit card
Zed, a digital bank based in the Philippines, is reshaping the credit card landscape with its groundbreaking offering: a Mastercard…
Don’t get scammed: Public warned against investing in cloud mining machines to mine cryptocurrency
The Bangko Sentral ng Pilipinas (BSP) has recently issued a warning regarding a company offering “cloud mining machines,” emphasizing that…
Monetary Board keeps policy settings unchanged
The Philippine Monetary Board, at its meeting earlier this week, has decided to retain the Bangko Sentral ng Pilipinas (BSP)’s…
PH’s net external liability position reaches US$51.3 billion as of the end of December 2023
In its latest report, the Bangko Sentral ng Pilipinas (BSP) announced that preliminary data on the country’s net International Investment…
BSP reminds BSFIs to ensure the availability of InstaPay and PESONet services during holidays
If you are a PESONet or InstaPay user, and you are worried about its availability during the Holy Week celebration,…