Bridging the banking divide: The rise of e-wallets in the Philippines

calendar_today May 31, 2024 schedule 5 min read

Originally posted on The Fintech Times by Imran Vilcassim, Global Solutions Lead of Digital Platforms for BPC Not so many years ago, Filipinos had to visit bank branches or ATMs to transfer money and manage their accounts. A complex set of geographic and institutional barriers, including the fragmentation of Filipinos across over 7,000 islands, and […]

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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 (PhilID) at the top of the list of acceptable valid IDs, being the official government-issued ID. IMAGE CREDIT: https://www.gmanetwork.com/ The BSP said all BSFIs must adopt enhanced measures to ensure […]

financial transactions

Bridging the banking divide: The rise of e-wallets in the Philippines

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