The national government’s debt payments increased by half in May this year as both interest expense and amortization jumped by double-digits, data from the Bureau of the Treasury showed. Debt servicing of the Duterte administration accelerated by 53 percent during the month to P37.8 billion from...
The Duterte administration’s debt payments went up by more than half in the first three-months of the year owing to higher amortization, data from the Bureau of the Treasury revealed over the weekend. Based on the Treasury report, the total debt service of the national government reached P521.5...
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...
ShopeePay, an integrated mobile wallet that offers users easy access to digital payment services, now provides Filipino shoppers a more convenient way to top-up their mobile wallets. They can do so at TouchPay automated payment machines (APM) located in over 600 locations nationwide. As more...
A look at Mastercard’s extensive digital payment authentication process Mastercard leverages the new EMV 3-D Secure standards to provide safe and secure digital transactions. When the Bangko Sentral ng Pilipinas announced its goal to reach at least 50 percent of payments in the Philippines done...
As the ongoing pandemic continues to propel digital e-commerce and financial transactions, online payments are fast gaining acceptance and trust from Filipinos. This is a key trend observed by the newly rebranded Bayad, the country’s biggest and widest multi-channel payment platform. ...
Indonesian financial technology firm Xendit, which aspires to be the Philippines' digital financial highway, raised a total of US $88 million funds after its latest US$64.6 million Series B round to expand its regional business. Overall, Xendit has processed over 65 million transactions with US$6.5...
The new normal is here. It has changed the way we live, do business, work as professionals, socialize, worship, and seek leisure. Here’s how it has changed—or is about to change—the housing and property sector. WFH setups would become the norm. 1. It will change the addresses of many...
The Philippines’ balance of payments (BOP) surplus rose to $11.786 billion as of end-November, the Bangko Sentral ng Pilipinas (BSP) announced Monday. The BSP also reported the final gross international reserves (GIR) of $104.82 billion as of end-November. Photographer: Paul Yeung/Bloomberg file...
The Anti-Red Tape Authority (ARTA) said that the use of electronic signatures and online payment in government transactions are valid. ARTA Director General Jeremiah Belgica said this is pursuant to the Anti-Red Tape Authority (ARTA) Memorandum Circular No. 2020-06 or the Guidelines for the...
Debt payments of the national government ballooned in September after the Duterte administration repaid the bridge loan extended by the Bangko Sentral ng Pilipinas (BSP) for the coronavirus response. Data from the Bureau of the Treasury showed the government’s total debt servicing soared by 664...
State transport authorities and stored value or "beep" cards provider AF Payments Inc. (AFPI) remain deadlocked over the issue of making the cards free for commuters, as of presstime. (PNA / MANILA BULLETIN) AFPI today issued a statement to the media, effectively saying that the Department of...
