State-run Social Security System (SSS) said the pension fund began the mandatory use of payment reference number (PRN) for salary, calamity, emergency, and restructured loan payment transactions starting this month. In a statement, Aurora C. Ignacio, SSS president and chief executive officer said...
Philippine Health Insurance Corporation (PhilHealth) (MANILA BULLETIN) The Philippine Health Insurance Corporation (PhilHealth) has urged all healthcare facilities (HCFs) in certain areas to avail of its Debit-Credit Payment Method (DCPM) program to ensure that they have enough funds to continue...
The Philippine Health Insurance Corporation (PhilHealth) has already reimbursed nearly 80 percent or about P231 billion of the total hospital claims, an official said Saturday, June 19. (MANILA BULLETIN FILE PHOTO) Dr. Shirley B. Domingo, PhilHealth’s vice president for Corporate Affairs and...
The Land Transportation Franchising and Regulatory Board (LTFRB) is mulling the issuance of a show cause order against bus companies that have failed to pay their bus conductors' salaries. (File photo / MANILA BULLETIN) "At this point in time, the board will have to consider the issuance of a show...
Mobile wallet app GCash and Airasia Philippines have partnered to allow travelers to pay digitally for flight, hotel bookings and travel retail items. Customers can pay for their Airasia plane fare and accommodation in partner hotels using the GCash apps on their mobile phones. They can also opt...
The Bureau of Internal Revenue (BIR) has padlocked a Parañaque City grocery for alleged non-registration and non-payment of value-added tax (VAT) amounting to more than P21 million. (Photo by Roth Melinda / Unsplash) South National (NCR) Assistant Revenue Regional Director Saripuden Bantog...
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...
The country’s e-payment transactions surged by 129 percent to P5.5 trillion in just three months or as of end-March this year from P2.4 trillion at the close of 2020, according to Philippine Payments Management Inc. (PMMI) chairman Justo A. Ortiz. “The running rate from first quarter 2021 data...
The volume of digital payments in the country rose to 17 percent of all payment transactions as of mid-2020, and closer to the 50 percent cash-lite target of the Bangko Sentral ng Pilipinas (BSP) by 2023. The share of monthly digital payments in terms of volume has been steadily increasing from...
The Bangko Sentral ng Pilipinas (BSP) will adopt three digital payment streams in the third and fourth quarters this year beginning with the QR Ph person-to-merchant (P2M) via InstaPay which will have a pilot launch on Friday. “The use of QR Ph expanded with the pilot launch of P2M payments...
The government pandemic task force has allowed the implementation of Philippine Health Insurance Corporation's (PhilHealth) new debit-credit payment for health care facilities in all places with high risk of coronavirus infection. The decision aimed at hastening payment of hospital claims was...
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...
