Quezon City has just joined the growing list of cities, municipalities, and provinces now supporting the Philippine government’s Digital Payments Transformation Roadmap and its ultimate goal of promoting digitalization and financial inclusion in the country. Late last month, Mayor Josefina “Joy” G. Belmonte, Department of Interior and Local Government (DILG) Undersecretary Felicito A. Valmocina, and […]
Breaking away from the online norm, the Bangko Sentral ng Pilipinas (BSP) and the Department of Trade and Industry (DTI) recently held an “in-person” Cashless Expo at the World Trade Center in Pasay City. This format was made to enable attendees to network and engage face-to-face, fostering meaningful connections within the industry. Another goal of […]
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 […]
The Bangko Sentral ng Pilipinas (BSP) and the Cooperative Development Authority (CDA) recently signed a Memorandum of Agreement (MOA) on the collaborative oversight and supervision of cooperatives that are electronic money issuers and operators of payment systems, including those that deploy ATMs. The CDA is mandated by law to promote the viability and growth of cooperatives […]
The Bangko Sentral ng Pilipinas (BSP) has just released the result of its measurement on the level of adoption of digital payments in the country in 2022, and according to outgoing BSP Governor Felipe M. Medalla, the outturns are very encouraging. IMAGE CREDIT: https://www.pymnts.com “The BSP has high hopes that the broadening digital payments usage […]
