(MANILA BULLETIN) Kabayan Party-list Rep. Ron Salo believes that there should be a dependable digital bank that would cater to overseas Filipino workers (OFW) and their families. For this purpose, Salo filed House Bill (HB) No. 11424, or the...
LANDBANK, OFBank, DMW to speed up OFW claims from 2015 Displaced Overseas Filipino Workers (OFWs) will hopefully receive the long-delayed payment of indemnity claims due to the bankruptcies of Saudi Arabian construction companies way back in 2015 and 2016. In a statement, the Land Bank of the...
As more Filipinos continue to make the shift to online banking and digital payments amid the post- pandemic era, cybercriminals are on the rise to take advantage of human and system vulnerabilities. According to Bangko Sentral ng Pilipinas’ (BSP) 2021 cyber threats surveillance, the top three...
Mindful of his father's legacy, Davao City 1st district Rep. Paolo Duterte is pursuing the passage of a bill that would provide overseas Filipino workers (OFWs) discounted rates on remittance fees. Davao City 1st district Rep. Paolo Duterte (left) and former president Rodrigo Duterte (Rep....
The Overseas Filipino Bank (OFBank) is stepping up efforts to protect its clients from fraud by providing a digital Card Verification Value (CVV) beginning October 2022, a feature that will beef up the security of cashless payments and other transactions done via the OFBank mobile banking app....
With women’s influence in decision-making being wielded across more platforms of power, the Philippines has made huge strides towards this direction. The country ranked 2nd in the Asia-Pacific region and the 17th globally to close the gender gap, according to the World Economic Forum’s 2021...
Deposit accounts opened through the Overseas Filipino Bank's (OFBank) digital onboarding system more than doubled in the first semester of the year, the Department of Finance (DOF) said. OFBank In a statement released by the DOF on Monday, Aug.30, the department reported that total deposit accounts...
State-owned Overseas Filipino Bank (OFBank), the country’s first digital-only and branchless lender, has secured more than 10,000 new deposit accounts in less than four-months of operation, the Department of Finance (DOF) said. In a report submitted to Finance Secretary Carlos G. Dominguez...
