The Bureau of Customs (BOC) is now transitioning into an "enhanced" customer assistance system through the help of a third-party service provider. Enhanced customer service -- The Bureau of Customs (BOC) transitions into a new and 'enhanced' customer assistance system through the help of a...
The Civil Service Commission (CSC) has announced that it will start holding learning and networking events on digital leadership in June for public sector executives, managers, directors, division chiefs, and those in equivalent positions in the government service. Civil Service Commission The CSC,...
Senator Sherwin Gatchalian said there is a necessity for Filipinos to own their own bank account or become a virtual wallet holder so more people can engage in cashless transactions. Since digital payments have been the norm since the coronavirus (COVID-19) pandemic started last year, Gatchalian...
The volume of digital payments in the country rose to 17 percent of all payment transactions as of mid-2020, and closer to the 50 percent cash-lite target of the Bangko Sentral ng Pilipinas (BSP) by 2023. The share of monthly digital payments in terms of volume has been steadily increasing from...
The Bangko Sentral ng Pilipinas (BSP) has set up a Research Academy that will boost BSP’s readiness to handle, keep track of, and regulate digital currencies and artificial intelligence (AI). “The BSP is looking at the implications of new technologies such as digital currencies and AI on the...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno expects to have two online-only banks with digital bank license to start operation by the second half of 2021, including Overseas Filipino (OF) Bank. Diokno said another two new digital banks with no existing banking license from the BSP...
EDITOR’S DESK Bernie Cahiles-Magkilat The pandemic has given rise to new businesses if not the strengthening of existing ones that are able to pivot and innovate with the use of digital technologies. Some of these businesses are delivery/logistics, micro finance, financial technologies (fintech),...
The Bangko Sentral ng Pilipinas’ (BSP) five-only digital banks is not a long-term limit and can be lifted depending on demand and requirement, according to BSP Governor Benjamin E. Diokno. “At the moment our policy is to consider among applicants the top five banks that we are willing to...
After wiping out all content from its social feeds across Instagram, Facebook, and Twitter, luxury fashion house Bottega Veneta finally debuts its quarterly digital publication: Issue 01. For fashion insiders, this move is rumored to replace Bottega Veneta's social media presence and potentially...
Overseas Filipino Bank (OF Bank), a subsidiary of government-owned Land Bank of the Philippines, has become the country’s first online-only bank after the Bangko Sentral ng Pilipinas (BSP) granted it digital banking license on Maundy Thursday. BSP Deputy Governor Chuchi G. Fonacier, head of BSP...
The pandemic has become the most influential driver of digital transformation and, consequently, global Cloud usage. With total worldwide spend on Cloud services expected to surpass $1 trillion in 2024 according to the International Data Corporation (IDC), performance, availability, and cost of...
A year after the COVID-19 pandemic began, fraudsters from the Philippines are increasing their digital schemes against businesses with 44 percent of consumers been targetted, according to a study. Provisional findings of TransUnion’s recent Global Consumer Pulse Study found that as of March...
