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 or enhance their loan standards. Read More...
BSP
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 in separate events. The aim. Read More...
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 decisive action against another unscrupulous. Read More...
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 its public markets, public transportation,. Read More...
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 the Fintech sector in the. Read More...
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 credit card that comes free. Read More...
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 its operations are beyond the. Read More...
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 Target Reverse Repurchase (RRP) rate. Read More...
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 Position (IIP) had indicated a. Read More...
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, then fret no more because. Read More...
FSCC calls for vigilance among financial sector players in PH as market developments unfold
The Financial Stability Coordination Council (FSCC) recently held its 38th Executive Committee meeting with no less than Bangko Sentral ng Pilipinas (BSP) Governor Eli M.. Read More...
BSP to BSFIs: “Put national IDs at the top of your list of valid IDs”
The Bangko Sentral ng Pilipinas (BSP) has recently issued a memorandum directing banks and other BSP-supervised financial institutions (BSFIs) to place the Philippine identification card. Read More...