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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......»»

Category: newsSource:  sunstarRelated NewsJan 15th, 2024

DigiPlus hopes to grow user base by 25% to 50% in FY24

DigiPlus President Andy Tsui guided that PLUS hopes to capture 50% of the P60 billion in gross gaming revenue growth that PAGCOR expects for FY24, and that it is looking to increase its active user base by 25% to 50% to achieve this goal......»»

Category: financeSource:  philstarRelated NewsApr 4th, 2024

PAGCOR cuts e-game rates to encourage more investments

State-run Philippine Amusement and Gaming Corp. will reduce remittance rates for online and on-site betting platforms by next month in a bid to encourage more investments in the gambling sector......»»

Category: newsSource:  philstarRelated NewsMar 19th, 2024

Pagcor profit soars to P6.82 billion in 2023

Earnings of state-run Philippine Amusement and Gaming Corp. surged by more than 50 percent to nearly P7 billion last year as the gambling sector bounced back and exceeded pre-COVID levels......»»

Category: financeSource:  philstarRelated NewsFeb 2nd, 2024

Al Tengco’s gamble

In this gambling republic, Alejandro Tengco, Chairman of gaming regulator Philippine Amusement & Gaming Corp. (PAGCOR), isn’t afraid to roll the dice and place bets......»»

Category: newsSource:  philstarRelated NewsJan 20th, 2024

Cebu-Based Filipino Homes Launches Global Partners Facility Against Scammers in Real Estate

Cebu-based Filipino Homes intensified its campaign against scammers in buying real estate properties with the launching of their “Global Partners” facility in Dubai, United Arab Emirates (UAE). The facility will help in particular Overseas Filipino Workers (OFWs) or Filipinos living abroad access to right information pertaining to property investments in the Philippines and other related […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 5th, 2024

Quiboloy not ‘armed and dangerous’ even with 19 guns – PNP

MANILA, Philippines — Kingdom of Jesus Christ (KJC) founder Apollo Quiboloy, who has an arrest warrant for sexual abuse, is not considered “armed and dangerous” even though he has 19 assorted firearms, the spokesman of the Philippine National Police (PNP), Col. Jean Fajardo said, in a press conference on Monday. Fajardo explained that under the.....»»

Category: newsSource:  inquirerRelated NewsApr 8th, 2024

PNP inks deal to bolster legal aid for cops

The Philippine National Police has signed an agreement with the Public Safety Mutual Benefit Fund Inc. to boost legal support for PNP personnel......»»

Category: newsSource:  philstarRelated NewsFeb 28th, 2024

Nearly 3K cyber identity theft incidents logged in 2023 — PNP-ACG

According to the PNP Anti-Cybercrime group, there has been a 12.2% rise in reported cases in 2023 with 1,597 incidents, coming from the 1,402 cases in 2022......»»

Category: newsSource:  philstarRelated NewsFeb 1st, 2024

Authentic System Solutions streamlines processes and workflows

Discover how Authentic System Solutions can help streamline your construction business processes & workflows. Founded in 2013, Authentic System Solution is a Cebu-based Software Company with over 100 active clients nationwide and is compliant with BIR Computerized Accounting System (CAS) requirements.  “Our goal is to help our client’s process and workflows in-place based on the.....»»

Category: newsSource:  inquirerRelated NewsFeb 3rd, 2024

LausGroup partners with ACCI for road safety, 24/7 assistance

LausGroup partners with ACCI for road safety, 24/7 assistance.....»»

Category: newsSource:  sunstarRelated NewsJun 1st, 2024

SEC Cebu, 14th CMO Battalion now partners

SEC Cebu, 14th CMO Battalion now partners.....»»

Category: newsSource:  sunstarRelated NewsMay 23rd, 2024

Tañon College recognizes partners

Tañon College recognizes partners.....»»

Category: newsSource:  sunstarRelated NewsMay 12th, 2024

Bacolod partners with 7 hospitals to provide in-patient services

Bacolod partners with 7 hospitals to provide in-patient services.....»»

Category: newsSource:  sunstarRelated NewsMay 2nd, 2024

SM Cares partners with PLDT, Smart to promote responsible e-waste disposal

SM Cares partners with PLDT, Smart to promote responsible e-waste disposal.....»»

Category: newsSource:  sunstarRelated NewsApr 24th, 2024

Army, partners collect 492 bags of blood in anniv drive

Army, partners collect 492 bags of blood in anniv drive.....»»

Category: newsSource:  sunstarRelated NewsMar 16th, 2024

KMC solutions invites partners to celebrate collaboration, excellence rooted in well-being, sustainability

KMC Solutions, a leading provider of innovative flexible office solutions, proudly invites valued partners to an enchanting Arabian Nights soiree......»»

Category: newsSource:  philstarRelated NewsMar 14th, 2024

Davao Light honors 18 service partners

Davao Light honors 18 service partners.....»»

Category: sportsSource:  abscbnRelated NewsMar 5th, 2024

PNP binalaan nagkakanlong: Quiboloy itinago sa bunker

Itinago umano sa underground bunker sa loob ng Kingdom of Jesus Christ sa Davao City ang founder nilang si Pastor Apollo Quiboloy upang makaiwas sa mga pulis na aaresto sa kanya. The post PNP binalaan nagkakanlong: Quiboloy itinago sa bunker first appeared on Abante......»»

Category: newsSource:  abanteRelated NewsApr 4th, 2024

Polis gidid-an sa PNP Chief nga mogamit sa cellphone

Polis gidid-an sa PNP Chief nga mogamit sa cellphone.....»»

Category: newsSource:  sunstarRelated NewsApr 2nd, 2024