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BSP to review 3 percent rate cap on credit card transactions
The Bangko Sentral ng Pilipinas will review this month whether to keep or hike the three percent interest rate cap on credit card transactions......»»
Lending startup unveils credit card for Gen Zs
Technology startup firm Zed Philippines Inc. has launched a Mastercard Titanium credit card with zero interest, zero foreign transaction fees and no annual charges, aiming to roll out these cards to the market within the coming months......»»
Struggling with credit card debt: Renters and low-income individuals fall behind – The Daily Guardian
Title: Financial Challenges Persist for Certain U.S. Population Despite Strong Economy Subtitle: Rising inflation, credit card debt, and student loan burdens threaten the financial well-being.....»»
BSP onboards 1st nonbank electronic money issuer
The Bangko Sentral ng Pilipinas (BSP) achieved a significant milestone by welcoming OmniPay, Inc. as the first nonbank electronic money issuer (EMI) participant in its Real Time Gross Settlement (RTGS) payment system, PhilPaSSplus. This move aligns with the National Payment Systems Act and signifies a more inclusive national payment system, allowing nonbank financial institutions to conduct efficient and low-risk funds transfers directly through the central bank. Assistant Governor Mary Anne P. Lim emphasized the BSP's commitment to safeguarding the entire Peso RTGS payment system amidst global trends of diversified participation. With 236 institutions, including various banks and nonbank entities, utilizing PhilPaSSplus for large value transactions and retail payment clearing, the BSP's initiative reflects a broader trend of central banks facilitating direct access for nonbank entities to settlement services. This development comes as international standard-setting bodies work on access guidelines to manage risks in evolving payment systems with new players and financial technologies......»»
Moira Dela Torre highlights value of giving credit following viral copyright issue
Moira Dela Torre weighed in on the viral copyright issue and said that it is important to give credit where credit is due. .....»»
Busting credit card fraud rings
Credit card scams could happen to you, especially as the world becomes an increasingly cashless global village......»»
Rommel Padilla nipalag sa quote card nga nitira ni Kathryn: Kondenahin!
Nipalag ang kanhi action star nga si Rommel Padilla sa nigawas nga quote card kabahin kuno sa pagkacheater sa anak niya nga si Daniel Padilla. Way kamatuoran ang nasuwat sa usa ka social media quote card nga nikaylap na karon diin gidepensahan niya si DJ sa paghaylo kuno niya ni Kathryn Bernardo. Gi-repost ni Rommel.....»»
Rommel Padilla umaray sa quote card na tumitira kay Kathryn: Kondenahin!
INALMAHAN ng dating action star na si Rommel Padilla ang lumabas na quote card tungkol sa umano’y pagiging “cheater” ng anak niyang si Daniel Padilla. Wala raw bahid ng katotohanan ang nakasulat sa isang social media quote card na kalat na kalat na ngayon kung saan “dinedepensahan” niya si DJ sa sinasabing panloloko raw nito.....»»
CARD MRI clinches Digital Financial Inclusion Award
CARD Mutually Reinforcing Institutions (CARD MRI) was selected as one of the five microfinance institution (MFI) winners at the 2nd Digital Financial Inclusion Awards......»»
CARD MRI plants 750 mangrove trees in Oriental Mindoro
CARD Mutually Reinforcing Institutions (CARD MRI) planted 750 mangrove trees in Brgy. Baruyan, Calapan City, Oriental Mindoro on October 7, 2023......»»
CARD Inc. Medical Services opens in Tanauan, Leyte
CARD, Inc. - CARD MRI’s Microfinance and Health Protection (MaHP) opens a clinic and laboratory facility that offers medical services in Tanauan, Leyte on October 5, 2023......»»
CARD MBA marks 24th year with AcciPlan launch and notable achievements
CARD Mutual Benefit Association (CARD MBA) highlighted its latest microinsurance product, AcciPlan, during its 24th anniversary celebration, on September 7, 2023......»»
After 10 years in showbiz, Janella Salvador toughens up and asserts herself
Kapamilya actress-singer Janella Salvador will have a belated celebration of her 10th anniversary in show business via a concert happening on April 19 at the New Frontier Theater......»»
BSP logs 40K complaints relating to financial consumer protection; only 5% come from Mindanao
SINCE the effectivity of the Financial Consumer Protection Act (Republic Act 11765) in June 2022, the Bangko Sentral ng Pilipinas (BSP) has logged more than 40,000 complaints from customers of different BSP-supervised financial institutions from all over the Philippines. Of this number, only around 5 percent come from Mindanao, implying the Mindanaoans' unawareness of the law......»»
BSP Governor Eyes Potential Rate Cut as Inflation Eases
In a recent interview, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. hinted at a potential rate cut later this year, signaling optimism amid the nation’s economic landscape. While cautious about the first semester, Remolona remains watchful, stating that the move could come “within the year.” The BSP, responding to escalating inflation, had hiked […].....»»
BSP governor says February rate cut not likely
In statements made to the press, BSP Governor Eli Remolona said that due to the “numbers we are seeing” a rate cut “is not likely (on) February 15”, which is the next scheduled meeting date for the BSP’s Monetary Board......»»
Asialink secures P300 million credit line from Taiwanese bank
Asialink Finance Corp. has secured a P300-million credit line facility from Taiwan’s Cathay United Bank, shoring up resources that small borrowers can tap into for their expansion plans......»»
Why the dollar is still strong
Despite the ongoing wars in Ukraine and Gaza, Fitch’s credit rating downgrade of the US, the lowering of the US credit rating outlook to negative by Moody’s and a growing US debt burden, the US dollar has regained its strength......»»
Why the dollar is still strong
Despite the ongoing wars in Ukraine and Gaza, Fitch’s credit rating downgrade of the US, the lowering of the US credit rating outlook to negative by Moody’s and a growing US debt burden, the US dollar has regained its strength......»»
Fitch keeps credit rating of 5 Philippine banks
Fitch Ratings has affirmed the credit rating of five of the country’s biggest banks and kept its stable outlook, on the back of a likely robust economic growth over the next two years......»»