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Financial Services

Photo of BSP Managing Director Rosabel B. Guerrero (second from left) together with Angeles City Vice Mayor Ma. Vicenta L. Vega-Cabigting (third from left), BSP Area Director Mark Jason A. Cagalingan, and a vendor who accepts digital payments

Angeles City rolls out Paleng-QR Ph Plus, sees hope for a much-awaited digital transformation

Angeles City in Pampanga has joined the growing list of local government units (LGUs) adopting the Paleng-QR Ph Plus initiative, a program designed to promote digital payments in public markets, public utility vehicles, and business establishments. Photo shows BSP Managing Director Rosabel B. Guerrero (second from left) together with Angeles City Vice Mayor Ma. Vicenta […]

BSP Deputy Governor Bernadette Romulo-Puyat together with BSP Managing Director Charina B. De Vera-Yap, Ilocos Norte Governor Matthew Marcos J. Manotoc, Laoag City Vice Mayor Rey Carlos V. Fariñas, and BSP North Luzon Regional Director Noel Q. Malimban during the launch of Paleng-QR Ph Plus in Laoag City

Laoag City launches Paleng-QR Ph Plus program to boost digital transactions

Last April 24, the City of Laoag initiated the Paleng-QR Ph Plus program to encourage digital transactions in public markets, transportation, and businesses in the city. Photo shows BSP Deputy Governor Bernadette Romulo-Puyat (center) together with (l-r:) BSP Managing Director Charina B. De Vera-Yap, Ilocos Norte Governor Matthew Marcos J. Manotoc, Laoag City Vice Mayor […]

Dr. Werner Vogels, VP and CTO at Amazon.com

Amazon will continue to support sustainability projects, CTO shares

by Joel Pinaroc, Correspondent Dr. Werner Vogels, VP and Chief Technology Officer (CTO) at Amazon.com, bared that the technology giant will continue to support programs on sustainability, particularly for developing countries in the Southeast Asian region, including the Philippines. Dr. Werner Vogels, VP and Chief Technology Officer (CTO) at Amazon.com Vogels recently sat down with […]

BSP Deputy Governor Bernadette Romulo-Puyat, former Antipolo City Mayor Andrea B. Ynares and Rizal Governor Nina Ricci A. Ynares together with a market vendor during the launch of Paleng QR PH Plus in Antipolo City

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, and business establishments. The launching ceremony, held at the City Mall of Antipolo, was led by Bangko Sentral ng Pilipinas (BSP) Deputy Governor Bernadette Romulo-Puyat and former Antipolo City Mayor […]

Nasim Aliev, Skyro’s co-founder and co-CEO, during his presentation at the FiNext Conference in Dubai

Skyro to propel growth of PH’s fintech market, takes the lead in addressing industry challenges

by Jan Michael Carpo, Reporter The Philippine fintech sector faces hurdles and is now dealing with many challenges that impede its progress. “These obstacles include the absence of a centralized database, reliance on outdated technology, and various other industry-specific barriers,” shared Nasim Aliev, co-founder and co-CEO of Skyro, in his speech during the FiNext Conference […]

Photo of BSP Deputy Governor Bernadette Romulo-Puyat and City Vice Mayor Rowena Bautista-Mendiola during the launch of the Paleng-QR Ph Plus program in Bacoor City.

Digital payments now accepted in Bacoor City’s public markets, sari-sari stores, and PUVs

Here’s great news for Bacooreños! The City of Bacoor in Cavite has just joined the Paleng-QR Ph Plus program of the Bangko Sentral ng Pilipinas (BSP), allowing residents and visitors in the city to conveniently pay in public markets, public utility vehicles (PUVs), sari-sari stores, and business establishments using QR codes and other forms of […]

Facade shot of Robinsons Bank building.

PayMongo, Robinsons Bank ink cooperation deal to assist MSMEs in PH

Robinsons Bank Corp., owned by Gokongwei, has recently teamed up with PayMongo, a payment processing platform, to assist micro-, small and medium-sized businesses (MSMEs) in their digital payment requirements through creative and straightforward solutions. By providing simple and effective online transaction solutions, the alliance is hoping to completely transform the way micro-, small and medium-sized […]

Poster of an upcoming Atome podcast featuring Jerome Eger and Xavier Peh

Atome BNPL’s Xavier Peh to discuss fintech, AI, and financial inclusion in the Smile API podcast

Hosted by Smile’s CEO Jerome Eger, the Smile API Podcast has just announced a new episode (Episode 6) that would feature Xavier Peh, a seasoned professional with over a decade of experience in regional payments, technology, and financial services. Xavier Peh’s career spans reputable companies such as Visa, Grab, Binance, and his current position as a key member […]

A girl using her mobile phone to make a payment transaction using QR codes

ADB loan worth US$300 million seen to boost the Philippines’ financial inclusion goals

The Asian Development Bank (ADB) has approved a US$300 million policy-based loan to support the Philippine government in creating a stronger institutional and policy environment to help expand Filipinos’ access to financial services, particularly the vulnerable segment of the population, and to promote economic growth. ADB is helping expand Filipinos’ access to financial services. (IMAGE […]

BSP Deputy Governor Francisco G. Dakila Jr. together with the country's economic managers during a panel discussion on “A Fast-Growing and Forward-Looking Economy” held in Cebu

BSP cites gov’t efforts to strengthen rural banks at latest PH Economic Briefing in Cebu

“The Bangko Sentral ng Pilipinas (BSP) will continue to strengthen rural banks (RBs), which promote countryside development, by financing productive activities and supporting inclusive economic growth.” BSP Deputy Governor (DG) Francisco G. Dakila Jr. made this announcement during the Post-State of the Nation Address (SONA) Philippine Economic Briefing (PEB) held in Cebu City last August […]