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Should You Bite on Digital Credit Line Offerings?
Digital credit lines have become a prevalent offering for digital platforms like digital banks and online shopping apps. These readily available lines of credit, often so accessible, can be tempting, especially for unexpected expenses. But before you hit “apply,” it’s crucial to weigh the pros and cons to determine if a digital credit line aligns […].....»»
Navigating the Ticketing Maze: Evaluating Digital and Hard Copy Tickets for Performances and Athletic Events
The ticketing landscape for concerts and sporting events has changed significantly in the era of digital innovation, giving customers the option of digital or physical.....»»
The Importance of Still Keeping Loose Change
In the Philippines, the convenience of digital payments is quickly becoming the norm. There are now fewer lines to the ATMs every payday, people are now using their phones more for payments, and digital banks are becoming more prevalent. Amidst the digital transformation the country is undergoing, we often hear “I don’t have cash” from […].....»»
Digital times call for digital measures
The Bureau of Internal Revenue has recognized the undeniable rise of digital commerce in the Philippines by promulgating Revenue Regulation16-2023, issued on Dec. 21, 2023, and Revenue Memorandum Circular 08-2024, issued on Jan. 15, 2024, respectively......»»
Maya is '1 Digital Bank in PH
Maya now stands as the #1 Digital Bank in the Philippines, revolutionizing the industry with its unified payments and banking services on one digital platform. In 2023, Maya saw a remarkable increase in users, with 3 million depositors, more than double the previous year, and a deposit balance reaching PHP25 billion, a 69% increase from […].....»»
Seniors binigyang kaalaman sa digital skills sa 'SeniorDigizen campaign ng Globe
BAKAS sa mukha ni Lola Erlinda Menor, 75, ang saya matapos makilahok sa #SeniorDigizen learning session na pinangunahan ng Globe kamakailan, na natuto siya tungkol sa digital technology. “Sa edad kong ito, very thankful ako. Ako ay 75 years old ngayon, still moving at masigla. At ayun nga, nadagdagan ang knowledge ko sa digital na mga impormasyon. Napakagandang ….....»»
India s neighbors adopt its digital payment system
New Delhi has launched its Unified Payment Interface in Sri Lanka and Mauritius, bolstering its influence in the region The leaders of India, Mauritius, and Sri Lanka have virtually launched New Delhi's Unified Payment Interface (UPI) system. The move allows Indian tourists to pay with the app while visiting t.....»»
Missile system sa Northern Luzon pinalagan ng Makabayan
Nais ng tatlong kongresistang miyembro ng Makabayan bloc na mapaimbestigahan sa Kamara de Representantes ang tinanim na missile system umano ng Estados Unidos sa Northern Luzon. The post Missile system sa Northern Luzon pinalagan ng Makabayan first appeared on Abante......»»
Filing of complaints now easier with CARe System – DTI
The DTI introduced the DTI Consumer Complaints Assistance and Resolution System (CARe System) to the general public on 13 October 2023 held at the New World Hotel Manila......»»
Cebu City eyes ‘Singapore-like’ railway system to improve transport
CEBU CITY, Philippines – A Singapore-like railway system is being eyed by the Cebu City government in a bid to improve the transport system in the city. This was after Cebu City Councilor Rey Gealon, chairman of the Traffic Management Committee (TMC), penned a resolution urging the Department of Transportation (DOTr) to conduct a study.....»»
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......»»
DoF considering IPOs for LandBank, DBP
The Philippine News Agency reported that the Department of Finance, under new Secretary Ralph Recto, is “exploring amendments to the charters of the Land Bank of the Philippines and Development Bank of the Philippines”, which Mr. Recto said could include “their possible public listing, to broaden the local capital market.”.....»»
Landbank-DBP merger not pushing through – Recto
The planned legal merger of the Land Bank of the Philippines and the Development Bank of the Philippines is no longer pushing through as Finance Secretary Ralph Recto deviates yet again from his predecessor......»»
Landbank income exceeds P40 billion mark
State-run Land Bank of the Philippines expects its income to reach P45 billion this year after overshooting its 2023 bottomline target......»»
Landbank sees 2-digit earnings this year
Land Bank of the Philippines is looking at a double-digit growth in net income this year following a record performance in 2023......»»
Group bats for lease-free broadband connectivity for digital economy growth
A digital advocacy network said that the Philippines should lift the lease payments for the setup of internet connection, emphasizing that it will have a positive impact on Filipino web users......»»
DTI, DOLE partner to boost digital skills
The Department of Trade and Industry and Department of Labor and Employment are pursuing initiatives to enhance the digital skills of the country’s workforce......»»
Philippines hones skills of workforce in digital technology
MANILA, April 27 (Xinhua) -- The Philippine government is honing the skills of the Filipino workforce in digital technology as the country aims to create 45 million "green and high-quality jobs," according to the Department of Trade and Industry (DTI) statement released Friday night. During Friday's meeting with the Department of Labor and Employment (DOLE) and the DTI, Trade and Industry Secretary Alfredo Pascu.....»»
Digital economy contributes 8.4 pct to Philippine economy in 2023
MANILA, April 25 (Xinhua) -- The digital economy amounted to 2.05 trillion pesos (35.396 billion U.S. dollars) in 2023, contributing 8.4 percent to the country's gross domestic product (GDP), the Philippine Statistics Authority (PSA) said Thursday. "This resulted in a 7.7 percent growth from the 1.90 trillion pesos (32.8 billion dollars) gross value added of the digital economy in 2022," the agency said......»»
Pioneering innovation in digital banking
Oradian, a core banking software provider for emerging markets, based in Makati, recently hosted an event that has set the financial sector buzzing with discussions on innovation and agility in digital banking......»»