QR Codes: A Scan Towards Simpler Transactions
Quick Response codes (QR codes), those ubiquitous black and white squares, are now more than just a shortcut to websites. They’re now revolutionizing the way we pay, offering a faster, more secure, and surprisingly error-free alternative to traditional methods. For those still on the fence about using QR codes, Here’s how they can streamline your […].....»»
OCD warns: Do not transact with brokers, fixers
The Office of Civil Defense (OCD) cautioned the public against some groups and individuals who are using the name of the agency and its officers for government transactions......»»
BPI Customers Experience Transaction Delays Due to High Weekend Activity
Bank of the Philippine Islands (BPI) customers faced delays in essential banking services due to a surge in weekend transactions, primarily tax payments, today, April 16, 2024. In a Facebook post, BPI said that their services which include ATM withdrawals, CAM deposits, Debit Card purchases, BPI app, BPI online, and the use of BPI online […].....»»
Landbank eyes digital expansion
State-run Land Bank of the Philippines is targeting to reduce over-the-counter transactions as it moves to expand its digital services for customers......»»
Consumer complaints rise in 2023 – DTI
Online transactions continued to dominate the complaints lodged by consumers at the Department of Trade and Industry last year......»»
BSP to banks, financial institutions: Prioritize national ID as top identification
The central bank said that institutions should “adopt enhanced measures to ensure the broad acceptance of the PhilID” whether its physical or electronic version as a valid proof of identity and age for all financial transactions. .....»»
DTI eyes completion of ITA IRR by March 19
The Department of Trade and Industry (DTI) is hoping to complete the implementing rules and regulations (IRR) of the Internet Transactions Act (ITA) by March 19, according to an official of the agency......»»
Russia s trade with key BRICS partners now almost dollar-free
95% of the country's transactions with India and China were conducted in local currencies last year National currencies were used in 95% of Russia's trade with China and India last year, the secretary general of the International Chamber of Commerce (ICC), Tatiana Monaghan, revealed on Monday. According.....»»
Office space take-up reaches nearly 300,000 sqm in 2023
Metro Manila office space net absorption more than doubled to 297,800 square meters (sqm) in 2023, driven by continued transactions mostly from traditional firms......»»
BSP to further relax forex rules
The Bangko Sentral ng Pilipinas may further relax its rules and regulations governing foreign exchange transactions in a bid to attract more foreign investments into the country......»»
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......»»
Why Saving More than 20% Can Boost Your Finances
The 50/30/20 budgeting rule is a popular financial guideline that suggests allocating 50 percent of your income to needs, 30. percent to wants, and 20 percent to savings and debt repayment. While saving 20 percent is a significant step towards financial security, there are compelling reasons to push beyond this benchmark if your budget allows. […].....»»
Local actions with ripple effects: Making waves through coastal cleanup efforts
Amid coastal communities in the country, an encouraging chapter in environmental stewardship is unfolding, showing how the public and private sectors can work hand in hand to become a line of defense towards the realization of cleaner coastlines and healthier marine ecosystems. As an archipelago, the Philippines is renowned for its stunning beaches framed by.....»»
The Daily Guardian: The Companies Expected to Power the AI Boom
Investors are shifting their focus towards the artificial intelligence market, with a particular interest in the typically overlooked utilities sector. This unconventional approach is surprising.....»»