BPI amplifies digital channels

Ayala-led Bank of the Philippine Islands continued to amplify its digital channels by creating innovative banking solutions to make everyday banking transactions more convenient for its retail clients amid the COVID-19 pandemic......»»

Category: financeSource: philstar philstarMay 1st, 2021

QR code transactions near P1 billion

The value of transactions using the QR (quick response) technology via the national QR code standard reached almost P1 billion as of end-May, as more Filipinos embrace digital channels amid the pandemic......»»

Category: financeSource:  philstarRelated NewsJun 27th, 2021

EastWest Bank investing heavily in digital initiatives

The Gotianun family is investing heavily in the digitalization of its banking arm East West Banking Corp. as Filipinos turn to electronic channels amid the pandemic......»»

Category: financeSource:  philstarRelated NewsJun 17th, 2021

More entities seek digital bank license

More entities are looking at establishing a presence in the country’s newly created digital banking space as more consumers shift to electronic channels, according to the Bangko Sentral ng Pilipinas......»»

Category: newsSource:  philstarRelated NewsJun 14th, 2021

CitySavings Boosts Digital Initiatives in Response to Pandemic

City Savings Bank, Inc. (CitySavings) continues to create innovative solutions for customers amidst the COVID-19 pandemic. The Bank focuses on addressing the urgent need of customers for financial services through its relevant products and digital channels. “CitySavings has always been very customer-centric and I believe that customer-centricity is essential as one digitally transforms. This is […].....»»

Category: newsSource:  metrocebuRelated NewsJun 9th, 2021

Malayan Insurance strengthens digital distribution channels

Malayan Insurance Co., Inc. has forged a partnership with the Rizal Commercial Banking Corp. for easy digital access by the public to microinsurance products......»»

Category: techSource:  thestandardRelated NewsJun 8th, 2021

GMA Now: highly recommended by netizens, viewers

Viewers across the country are thrilled to use GMA Network’s innovative device GMA Now as the plug-and-play dongle has been getting rave reviews since its official launch last February. GMA Now is a mobile digital TV receiver that allows Android smartphone users to watch the live broadcast of Kapuso channels for free. Via the GMA Now app, […].....»»

Category: newsSource:  tempoRelated NewsApr 16th, 2021

AUB boosts e-wallet service as transactions breach P7 billion

Asia United Bank, the Rebisco Group’s banking arm, is gearing up its digital channels through higher spending on information technology particularly data security and capacity......»»

Category: financeSource:  philstarRelated NewsApr 3rd, 2021

Alden wants you to watch TV on-the-go for free

GMA Network is innovating Filipinos’ viewing experience anew via GMA Now, a mobile digital TV receiver that allows Android smartphone users to watch the live broadcast of the network’s channels including GMA, GMA News TV, Heart of Asia, Hallypop, and soon, DepEd TV, as well as other free-to-air channels available in their area......»»

Category: entertainmentSource:  thestandardRelated NewsFeb 10th, 2021

Globe localizes digital care for customers via Viber Communities

Globe recognizes the growing needs of its customers in the new normal. As many Filipinos build more online communities, and transact and communicate even more on social media and messaging platforms, Globe has innovated localized Viber Communities to deliver a targeted and more focused servicing. This includes addressing queries, recommending self-service channels, and offering products that are relevant to the community......»»

Category: techSource:  thestandardRelated NewsFeb 6th, 2021

Firms expand financial services amid pandemic

Companies continue to expand and innovate the delivery of financial services through digital channels amid the mobility restrictions brought about by the COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsJan 16th, 2021

PNB, Metrobank extend waiver of InstaPay and PesoNet fees

Philippine National Bank said Tuesday it extending the waiver for InstaPay and PesoNet fund transfer fees until March 31, 2021 to encourage more customers to use digital banking channels......»»

Category: financeSource:  thestandardRelated NewsDec 29th, 2020

Philippines global financial inclusion ranking slips further

The global financial inclusion ranking of the Philippines slipped further this year despite improvements spurred by the government’s need to promote digital channels as part of its response to the COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsNov 25th, 2020

RCBC rolls out new online account platform

Rizal Commercial Banking Corp. is further ramping up its electronic channels, allowing end-to-end digital onboarding process amid the pandemic......»»

Category: financeSource:  philstarRelated NewsNov 6th, 2020

BATANG MINDANAW: Notes from Twitterverse: News Channels Without News

ISLAND GARDEN CITY OF SAMAL (MindaNews / 01 November) — What people from the country’s self-coronated capital region don’t understand is that it was, more often than not, only ABS-CBN that was available on free TV in far-flung areas where digital TV and Internet remain inaccessible. The limits of such tunnel vision, coupled with Tagalist […].....»»

Category: newsSource:  mindanewsRelated NewsNov 3rd, 2020

PNB plans to establish digital bank subsidiary

The Philippine National Bank (PNB) is thinking of putting up a digital bank either as a subsidiary or stand-alone unit, according to its president and CEO Jose Arnulfo “Wick” Veloso. PNB president and CEO Jose Arnulfo “Wick” Veloso  “We’re discussing internally with the principals,” said Veloso. “They really want us to set up a digital bank” and a pure digital bank at that. The Bangko Sentral ng Pilipinas (BSP) has drafted a circular for the establishment of digital banks in the country and the banking community is currently being consulted on this, including the proposal to impose a minimum capitalization of P1 billion for a digital banking license.  “Clearly, as we get to see more regulations (or) the regulatory body encouraging digital bank participation, we would like to also review that and probably put into a subsidiary or stand alone,” said Veloso. “I understand there is going to be different regulatory relief or ease of doing business for those that are going to set up purely digital banks. That is something that we are seriously reviewing.” Veloso, in a virtual press briefing on Friday, said that in the digital banking landscape as it is currently set up now, PNB is one of the leaders in the digital experience and since March when the lockdowns were implemented, the bank has been trying to convince clients to go digital.  “Others claim to be ahead of space in the digital world. I can proudly say that the only thing they are ahead of us are  — for one bank, the end-to-end account opening, and for another bank, it’s because of the end-to-end check deposit. But otherwise, there is no dfference with what they’re sharing with everyone else,” said Veloso. The bank has seen an increase of 18 percent in its digital and mobile transactions during the height of the pandemic lockdowns. As of end-September, they now have 696,000 users of their digital platforms, up 31 percent year-on-year.  “We want our customers to understand how they can easily manage their funds and transact by going online using our digital channels. We also want more people to learn about the products that are meant to fit all their needs (with digital banking experience),” said Veloso. Presently, PNB branches across the country are “reaching out to customers who have not yet registered with internet banking or mobile banking”. In the BSP proposed circular on digital banks, any existing banks applying to shift to digital banking are given three years to complete conversions including the closure of branches or branch lite units. The BSP said a digital bank will be confined to a digital platform and/or electronic channels “with minimal to no reliance” on physical touchpoints. It will not have a branch or branch-lite unit but it can offer offer financial products and services through cash agents and other delivery partners. However it will be required to keep a head office in the Philippines as its main point of contact and as a “central hub for receiving and resolving customer complaints.” There are three banks that are already applying to deliver digitized financial services but these applications are not digital bank applications but are applying under existing BSP banking classification, pending the digital banking regulation......»»

Category: lifestyleSource:  abscbnRelated NewsOct 18th, 2020

ECPay partners, customers increase

Globe Telecom’s multi-payment platform Electronic Commerce Payments Inc. saw a significant expansion in digital merchant partners, biller portfolio and customers as the pandemic forces many Filipinos to shift to digital channels......»»

Category: financeSource:  philstarRelated NewsSep 8th, 2020

ECPay reports 114% increase in customers

Electronic Commerce Payments Inc. said Monday its business grew significantly despite the pandemic as many Filipinos shifted to digital channels to remain safe from virus infection......»»

Category: financeSource:  thestandardRelated NewsSep 7th, 2020

Digital channels for DepEd& rsquo;s blended learning program

GMA Network is offering the free use of two of its digital television channels for the implementation of the Department of Education (DepEd)’s blended learning program as the nation continues its fight against the COVID-19 pandemic and face-to-face classes remain unsafe......»»

Category: entertainmentSource:  thestandardRelated NewsSep 7th, 2020

Globe keeps customers safe through use of digital channels

With the shift to Modified Enhanced Community Quarantine, messengerial delivery services will once again be limited.  Despite this, Globe assures its customers that they will continue to receive their updated monthly billing statements, this time through digital channels. This way, Globe can keep customers and even messengers safe,  preventing risks of COVID-19 infection caused by person-to-person or surface transmission......»»

Category: newsSource:  inquirerRelated NewsAug 7th, 2020

PLDT, Smart promote digital payment channels for customers

PLDT and its wireless subsidiary Smart Communications Inc (Smart) are encouraging their subscribers to use their expanded digital payment channels and online billing services, not only because these are more convenient and safe during the COVID-19 pandemic, but also because these processes are more environment-friendly......»»

Category: techSource:  thestandardRelated NewsJul 26th, 2020