Tag page - DIGITAL MONEY

Pouch, the pioneering lightning payment operator in the Philippines, is thrilled to announce its latest app feature, 'Send Globally.' This exciting addition enables instant, low-cost, and safe money transfers from the Philippines to any bank account in the United States. Pouch’s customers,...

Remittances in the Philippines have long been dominated by offline players in brick-and-mortar stores and cash pick up locations, but as social distancing came into effect as a result of the COVID-19 pandemic, the market, particularly the recipients shifted towards the realm of digital or online...

Digital Payment Adoption in Asia Pacific_Landscape Cash remains as king in the Philippines and Asia Pacific (APAC), at least for now, with 70 percent of respondents in Kaspersky's latest study, still using physical notes for day-to-day transactions. However, 58 percent are already using mobile...

Legal issues of BSP’s ‘digital banknote’ initiative MB file After the Bangko Sentral ng Pilipinas (BSP) created a Technical Working Group (TWG) in June 2020 as initial research on a possible central bank digital currency (CBDC), it released a more comprehensive study in March this year on...

The Bangko Sentral ng Pilipinas (BSP) has been asked to consider the creation of a disputes settlement body for cryptocurrency (or crypto) use despite the absence of real policy that cover crypto or digital money such as bitcoin in the country. BSP director Melchor Plabasan for technology risk and...