BSP

Economy, News

BSP report says PH financial system is exhibiting resilience, supports economic recovery

calendar_today May 7, 2024 schedule 2 min read

The Bangko Sentral ng Pilipinas (BSP) recently issued its Report on the Philippine Financial System for the second semester of 2023, highlighting the Philippine financial. Read More...

Banking and Finance, News

PH banks maintained loan standards in Q1

calendar_today May 2, 2024 schedule 3 min read

According to a survey conducted by Bangko Sentral ng Pilipinas (BSP), banks in the Philippines are expected to either uphold or enhance their loan standards. Read More...

New Tech, News

Ilocos Sur and Vigan City spearhead Paleng-QR Ph Plus initiative for digital payments adoption

calendar_today April 30, 2024 schedule 2 min read

Last April 23, 2024, the Province of Ilocos Sur and the City of Vigan inaugurated the Paleng-QR Ph Plus initiative in separate events. The aim. Read More...

News, Payment

BSP renews campaign against unscrupulous money changers, revokes license of NIKKO Mart

calendar_today April 24, 2024 schedule 3 min read

Money changer NIKKO has reportedly committed “serious violations” of money laundering laws The Bangko Sentral ng Pilipinas (BSP) has taken decisive action against another unscrupulous. Read More...

News, Payment

Antipolo boosts digital payments via the launch of Paleng-QR Ph Plus in the city

calendar_today April 22, 2024 schedule 3 min read

Last April 12, the City of Antipolo in Rizal introduced the Paleng-QR Ph Plus program to promote digital payments in its public markets, public transportation,. Read More...

Blogs

Fintech in the Philippines – 2023 review

calendar_today April 17, 2024 schedule 6 min read

by the IDfy Team In 2023, the Philippines Open Finance Pilot was initiated and was considered a significant development for the Fintech sector in the. Read More...

Banking and Finance, News

Credit card sector set for disruption with the launch of the Zed “no-fee” credit card

calendar_today April 16, 2024 schedule 3 min read

Zed, a digital bank based in the Philippines, is reshaping the credit card landscape with its groundbreaking offering: a Mastercard credit card that comes free. Read More...

Crypto, News

Don’t get scammed: Public warned against investing in cloud mining machines to mine cryptocurrency

calendar_today April 12, 2024 schedule 3 min read

The Bangko Sentral ng Pilipinas (BSP) has recently issued a warning regarding a company offering "cloud mining machines," emphasizing that its operations are beyond the. Read More...

Economy, News

Monetary Board keeps policy settings unchanged

calendar_today April 9, 2024 schedule 2 min read

The Philippine Monetary Board, at its meeting earlier this week, has decided to retain the Bangko Sentral ng Pilipinas (BSP)’s Target Reverse Repurchase (RRP) rate. Read More...

Economy, News

PH’s net external liability position reaches US$51.3 billion as of the end of December 2023

calendar_today March 29, 2024 schedule 6 min read

In its latest report, the Bangko Sentral ng Pilipinas (BSP) announced that preliminary data on the country’s net International Investment Position (IIP) had indicated a. Read More...