President Marcos has ordered the Department of Transportation (DOTr) to study the proposal to increase the insurance payment coverage for private motor vehicles in cases of road crash involving PUVs. Multiple vehicle collision on Subic-Clark-Tarlac Expressway (Photo courtesy of Philippine Red...
The Bangko Sentral ng Pilipinas (BSP) could mandate that all banks, e-wallets, and clearing houses adopt the internationally accepted ISO 20022 messaging standard, modernizing domestic payment systems and aligning with global financial protocols. In a draft circular dated April 2025, the BSB noted...
Digital payment transactions via PESONet and InstaPay increased by over 34 percent to ₱1.65 trillion in Febraury from ₱1.23 trillion in the same month last year. This is equivalent to a ₱420 billion increase from February 2024, according to the Bangko Sentral ng Pilipinas (BSP) data. However,...
(Unsplash) Bicol Saro Party-list Rep. Brian Raymund Yamsuan is urging town and city mayors to link up with the Bangko Sentral ng Pilipinas (BSP) and the Department of the Interior and Local Government (DILG) in urging small local businesses to use...
Malacañang asked the public to give new Department of Transportation (DOTr) Secretary Vince Dizon more time to study several concerns and programs of the country's transport sector. PCO Undersecretary Claire Castro (RTVM) Palace plead to the public amid few directives Dizon made upon...
The Binangonan municipal government, through a Sangguniang Bayan resolution, has extended the deadline for the payment of all local government-imposed taxes up to the office hours on March 28, 2025. In an announcement on its social media page, the Binangonan municipal government is giving taxpayers...
Senate President Francis “Chiz” Escudero on Friday, December 6 lauded President Ferdinand “Bongbong” Marcos Jr. for signing into law Republic Act Number 10277 or the Student Loan Payment Moratorium During Disasters and Emergencies Act, saying it will help curb the cases of enrollees...
House Speaker Martin Romualdez (Speaker’s office) A big relief for students, particularly those living in disaster-hit areas. That's how Speaker Martin Romualdez described the Student Loan Payment Moratorium During Disasters and Emergencies...
President Marcos has signed into law the Ligtas Pinoy Centers Act and the Student Loan Payment Moratorium During Disasters Emergencies Act which both aim to support families and students affected by calamities. President Ferdinand 'Bongbong' Marcos Jr. (RTVM Screenshot) Marcos signed both laws on...
The Philippines is experiencing a significant surge in the digital payment sector, according to digital and physical financial solutions provider UnaCash. In a statement, UnaCash revealed that the country ranks second in Southeast Asia for the number of point-of-sale (POS) users aged 15 and older,...
The Bangko Sentral ng Pilipinas (BSP) has approved the regulatory framework for merchant payment acceptance activities (MPAA) to widen the use of digital payments in the country. Merchants refer to physical or electronic retailers, service providers, billers and businesses that accept payments for...
For borrowers to see real-time updates of their housing loan payments and individual loan accounts, the Social Security System (SSS) will require them to present a Payment Reference Number (PRN) for their payments starting this month. SSS President and Chief Executive Officer Rolando Ledesma...
