BSP

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...

Banking and Finance, News

BSP reminds BSFIs to ensure the availability of InstaPay and PESONet services during holidays

calendar_today March 22, 2024 schedule 2 min read

​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...

Economy, News

FSCC calls for vigilance among financial sector players in PH as market developments unfold

calendar_today March 14, 2024 schedule 4 min read

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...

News

BSP to BSFIs: “Put national IDs at the top of your list of valid IDs”

calendar_today March 13, 2024 schedule 2 min read

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...

Banking and Finance, News

BSP issues public advisory on exchanging foreign currencies

calendar_today March 12, 2024 schedule 3 min read

​Are you one of those who recently received a call or text message from someone saying that "US Dollar [bank]notes with stamps (money changer) may. Read More...