Global digital payments firm Visa and USSC Money Services, Inc. (UMSI) have launched U Accept, a payment solution that turns smartphones into point-of-sale (POS) terminals, allowing small enterprises to accept e-payments without investing in traditional, often costly, POS hardware. “UMSI has...
Domestic principal payments continued to dominate national government debt settlements in the first half of the year, driving total debt servicing up by three-fifths to ₱1.23 trillion. According to the latest Bureau of the Treasury data, total debt payments from January to June surged 59.7...
Domestic principal payments continued to dominate the national government’s (NG) debt settlements through the first five months of 2026, raising total debt servicing by more than three-fifths to ₱1.15 trillion. The latest Bureau of the Treasury (BTr) data showed that the NG’s total debt...
Commuters will soon have a more seamless experience transferring from one mode of transport to another as international and local companies, including GCash and Maya, have expressed interest in managing the country’s pioneering interoperable fare collection system. The Department of...
Senator Joel Villanueva has called on banks to strictly implement the Bangko Sentral ng Pilipinas’ (BSP) decision on waiving digital fund transfer fees alongside its loan relief measures for borrowers hit by the ongoing energy crisis. Villanueva, chairman of the Senate Committee on Banks,...
Lawson Philippines and GCash, the country’s dominant digital finance platform, have expanded their technical integration to more than 200 branches nationwide, a step toward the digitalization of the local retail sector. In a statement on Friday, March 27, GCash said the move extends its...
The Department of Labor and Employment (DOLE) has introduced a digital payment system that streamlines fee transactions and ensures faster, safer payments for clients in the Philippines and abroad. DOLE said the system provides instant payment confirmation, speeds up processing, and guarantees...
Online gaming firm DigiPlus Interactive Corp. has expanded secure and convenient wallet-loading options for its players by forming a partnership with BTI Payment Philippines, which owns the Pay&Go self-service payment kiosks across the country. In a statement, Digiplus said the new payment...
A bill seeking to prohibit the eviction of tenants during a declaration of a state of calamity or emergency is now being pushed in the Senate. Sen. Sherwin Gatchalian, in pushing for Senate Bill No. 1109, or the proposed “Rental Payment and Eviction Moratorium during Disasters and Emergencies...
Philippines insurance penetration remains stubbornly low despite the country’s rising financial vulnerabilities and exposure to natural catastrophes, according to an executive at Singlife Philippines. Lester Cruz, Singlife Philippines chief executive officer, said affordability, access, and...
The Philippine Health Insurance Corporation (PhilHealth) announced on Monday, September 8, that it has fulfilled its promise of faster claims processing under its newly launched Guaranteed Access to Medicines and Outpatient Treatment (GAMOT) program, releasing its first payment ahead of the 15-day...
Mobile payment providers Apple Pay and Google Pay will not need to register with the Bangko Sentral ng Pilipinas (BSP) if they plan to enter the Philippine market, as the central bank does not qualify them as operators of payment systems (OPS). BSP Deputy Governor Mamerto Tangonan stated that the...
