Tag page - payment

The Bangko Sentral ng Pilipinas (BSP) is not keen on granting  another round of payment moratorium on loans as the banking system may not be able to absorb another round of moratorium on debt payments as banks need time to build up buffers while the economy – on the second year of the COVID-19...

Year-Ender The maritime sector handles 90 percent of global trade. No wonder, hell broke loose when most international borders slammed shut in March. Port operators wrestled with congestion although the ports stayed open. “Throughout these lockdowns, all of our ports – without exception...

Merchants of digital financial services provider PayMaya skyrocketed over 1,400 percent year-on-year as more people resorted to cashless payments. Cashless payment volumes which PayMaya processed in retail establishments across the country grew  three-fold last month  compared with the...

GCash, the country’s leading online payment portal, sees P1 trillion transaction value this year, a feat they accomplished in three years before the pandemic. Frederic Levy, GCash chief commercial officer for transfers, cited the momentum that GCash is currently enjoying as more people are...

Bank of Philippines Islands (BPI), the country’s leading commercial bank, said more businesses need to digitalize on increasing demand for cashless and cash lite transactions.  BPI Transaction Services Head Ana Sison noted that many traditional businesses are ill-prepared to adjust to the...