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Delivery rider nabbed for hold up me scheme
A delivery rider in Davao City, Bryan Sistual Capote, gained attention after claiming to be robbed while on duty. However, police investigations revealed inconsistencies in his story. Witnesses reported no signs of trouble during the alleged robbery, and tracking Capote's e-wallet transactions uncovered a transfer matching the amount he claimed was stolen. Confronted by authorities, Capote confessed to fabricating the robbery. He now faces charges for his deceitful actions......»»
Transactions in coin deposit machines near P400 million
More and more Filipinos are using the coin deposit machines deployed by the Bangko Sentral ng Pilipinas in major malls across the metropolis as part of its coin recirculation program......»»
Paleng-QR Philippines launched in Quezon City public market
Quezon City Mayor Joy Belmonte yesterday led the launch of the Paleng-QR Ph Plus program that will enable cashless transactions at the Project 4 public market. .....»»
From free InstaPay transfers to personalized banking: New Metrobank App is making online banking easier
The Metrobank App brings convenient banking at your fingertips by making transactions simple with just a few taps, ensuring that your money is safe with enhanced security, and anticipating your needs with smart features......»»
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......»»
From free InstaPay transfers to personalized banking: New Metrobank App is making online banking easier
The Metrobank App brings convenient banking at your fingertips by making transactions simple with just a few taps, ensuring that your money is safe with enhanced security, and anticipating your needs with smart features......»»
Navigating Challenges in B2B Cross-Border Payments
Cross-border payments are vital to B2B operations, enabling businesses to extend their reach globally. While these transactions offer opportunities for international trade, they also present.....»»
BSP onboards OmniPay as 1st non-bank in settlement platform
The Bangko Sentral ng Pilipinas has onboarded OmniPay Inc. in the roster of financial institutions that settle high value transactions safely and instantly through the central bank-owned and operated national payment system......»»