The Monetary Board has approved the new set of 2023 and 2024 balance of payments (BOP) projections during its December 14 meeting. The new set of BOP projections incorporates the latest available data and developments. IMAGE CREDIT: https://www.thebalancemoney.com/ The emerging external outlook for 2023 and 2024 is primarily influenced by the same set of factors […]
The Bangko Sentral ng Pilipinas (BSP) replaced P4 million worth of the public’s unfit banknotes and coins with fresh bills or digital cash under its “Piso Caravan” held in the Visayas region from January to October this year. Held at the sidelines of the “Paleng-QR Ph Plus” launch in key cities in the province, the “Piso […]
Iloilo City has just launched “Paleng-QR Ph Plus,” a program that promotes digital payments in public markets and local transportation, during a ceremony held last November 23 at the Iloilo Terminal Market. The event was led by City Mayor Jerry P. Treñas, Bangko Sentral ng Pilipinas (BSP) Visayas Regional Office (VRO) Director Anna Clara M. Oville, […]
To help reduce financial strain among Filipino workers, Paywatch, an Earned Wage Access (EWA) service provider based in Malaysia, announced recently its formal entry into the Philippine market. Rowell del Fierro, president of Paywatch Philippines, made this announcement in a virtual press briefing shortly after bringing attention to the widespread problem that many Filipinos encounter […]
The Bangko Sentral ng Pilipinas (BSP) recently named nine outstanding institutional partners of its Visayas Regional Office (VRO) and Branches during the recently-concluded “2023 Outstanding BSP Stakeholders Appreciation Ceremony (OBSAC)” held in Dumaguete City. Monetary Board Member Romeo L. Bernardo, who led the ceremony, conveyed the BSP’s gratitude to its partners for their support in fulfilling the […]
In time for Filipinos’ Christmas bonus and 13th-month pay, the newest mobile banking player, OwnBank, sets foot in the market to offer local users its next-generation, all-in-one financial services, with the highest savings interest rate yet of 8% per annum. The one app for all your financial needs: OwnBank is BSP-regulated and PDIC-insured, so you […]
By Jan Michael Carpo, Reporter Thanks to the BSP’s Digital Payments Transformation Roadmap (DPTR), commuters, PUV operators, and market vendors in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) will soon be able to take advantage of undertaking cashless payments in public markets and public transportation. How did this become possible? Digital payment transactions in […]
Market vendors, business establishments, and public utility vehicle (PUV) drivers in the city of Calamba in Laguna may now benefit from Paleng-QR Ph Plus after the city launched the program at Mercado de Calamba last November 20. Photo shows Bangko Sentral ng Pilipinas Regional Director Tomas J. Cariño, Jr. (third from left) while leading the […]
by Robin Wong, Chief Executive Officer of Mocasa The financial landscape in emerging markets is undergoing a great shift. In the Philippines, the Bangko Sentral ng Pilipinas (BSP), in collaboration with the International Finance Corporation (IFC) and the World Bank (WB), unveiled the Open Finance PH Pilot last June of this year – a monumental […]
Cotabato City is now part of the Paleng-QR Ph Plus program of the government that promotes digital payments through quick response (QR) codes in markets and public transport hubs. The program launch was led by Cotabato City Mayor Mohammad Ali “Bruce” D. Matabalao, Bangko Sentral ng Pilipinas (BSP) Mindanao Regional Office (MRO) Director Judith G. […]
