Digital payment transactions via PESONet and InstaPay increased by 51.5 percent to ₱2 trillion in June this year, from ₱1.32 trillion in the same month last year, the Bangko Sentral ng Pilipinas (BSP) reported. This represents a ₱680-billion increase from June 2024, according to the BSP data....
Filipino consumers have become more trusting of digital payment methods, as data from the Bangko Sentral ng Pilipinas (BSP) showed that the value of people’s transactions climbed to more than half of total monthly retail transactions in 2024. According to the central bank’s 2024 report on the...
While several digital banks are interested in securing banking licenses from the Bangko Sentral ng Pilipinas (BSP), only one foreign digital bank has formally submitted an application, offering to plug the credit scoring and other gaps in existing entities. BSP Deputy Governor Chuchi G. Fonacier...
Digital payment transactions via PESONET and Instapay increased by 31.2 percent to ₱1.85 trillion in April, from ₱1.41 trillion in the same month last year. This is equivalent to a ₱440-billion increase from April 2024, according to the latest Bangko Sentral ng Pilipinas (BSP) data....
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...
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,...
Filipinos may soon opt to pay their miscellaneous fees online as the Bureau of Customs (BOC) partners with the Landbank of the Philippines (Landbank) to use its digital payment system. In a statement, the BOC announced that it inked a memorandum of agreement with Landbank to utilize its...
MALUNGON, Sarangani – Residents and business entrepreneurs from this municipality can now pay for dues to the local government faster online through the digital payment facility of the Land Bank of the Philippines (Landbank). MALUNGON Mayor Maria Theresa Constantino (second from right), Vice...
A more purpose-led banking experience At this point in its history, the banking and financial sector is at a crossroads. Filipinos now embrace online payment options more than ever before, while banks continue leveraging technology to ensure seamless transactions. Digital payment methods, for...
Bus commuters going to Northern and Central Luzon can now do cashless purchase of tickets or payment for cargo deliveries after Victory Liner, one of the country's largest transportation firms, partnered with digital financial services platform PayMaya. Victory Liner taps PayMaya for safe and...
73078 Homegrown fintech startup NextPay expands its digital payment solutions with Email Money, allowing users to transfer cash to any bank or e-wallet via email with no need for the recipient’s account details. By removing the need to collect and manage recipient’s bank details, Email Money...
