While the Bangko Sentral ng Pilipinas (BSP) has already moved to unlink in-app online gambling platforms from financial institutions, the central bank chief affirmed the possibility of the Philippines returning to the money-laundering watchlist should the government fail to contain persisting...
Preference for electronic wallets (e-wallets) is fast catching up with hard cash among Filipinos while credit cards remained low despite long standing presence in the Philippines, according to a new study. The TransUnion inaugural Credit Perception Index (CPI) study seeks to measure Filipino...
The extension of the SIM card registration last April would serve as the “last chance” for scammers to register numbers and come up with new methods, Department of Information and Communications Technology (DICT) Secretary Ivan John Uy said on Tuesday, May 16. Subscriber Identity Module (SIM)...
69769 To curb possible misuse of mobile wallets for illegal vote-buying in the May 9, 2022 elections, fintech companies pledged to implement safeguards in user onboarding and account verification processes to allow transactions to be traced easily. The fintech companies made the commitment during...
Camarines Sur Rep. LRay Villafuerte is calling on his fellow lawmakers to act swiftly on the measure he partly proposed, which aims to add more teeth to the efforts of regulatory agencies to combat cybercrimes by penalizing social engineering schemes or "phishing." Villafuerte said the...
Most Filipino online shoppers, two out of three, prefer to use e-wallets to pay for their purchases and mobile payment transactions are expected to grow ninefold. 05-1280x720 This was according to the most recent Online Payment Sentiments survey of Vesta, the end-to-end transaction guarantee...
