Philippines
RCBC transforms mobile phones to payment terminals for MSMEs
RCBC transforms mobile phones to payment terminals for MSMEs
Merchants will be able to accept Mastercard and Visa card payments.
CTBC Bank Philippines revamps online corporate banking portal
It offers real-time updates and flexible workflow set-ups.
BSP welcomes the Philippines' removal from AML/CFT grey list
The central bank said that it has strengthened its AML/CFT regime.
PH central bank unveil council for strengthening cyber resilience
The council will implement the BSP’s Financial Services Cyber Resilience Plan.
Philippine banks expand lending by 12.2% in Dec 2024
Loans for production activities rose 10.8% during the month.
Fintech JuanHand disbursed $772m in over 20 million loans
The fintech’s average repeat rate is at 90%.
Fighting Back: How the Philippines is Addressing the Surge in Fraud
Institutions must adopt innovative solutions and foster global collaboration in fraud management practices.
Netbank partners with Jia Financing to offer SME loans
Jia will assign their invoice financing loans to Netbank.
Philippine central bank expands programme for easier exchange of mutilated currency
The Piso Caravan aims to improve coin circulation.
BSP, Royal Canadian Mint ink MoU on currency management
It outlined key areas of cooperation including technology exchange.
BPI’s net income increases by 20% YoY to $1.06b
Revenue stood at $2.9b (PHP170.1b), up by 23%.
Philippine Crop Insurance to disburse farmer payments via GCash
Farmers no longer required to visit PCIC offices.
Chinabank’s head office now powered by renewable energy
The shift to RE in two facilities reduces the bank’s indirect GG emissions by almost 20%
Overseas Filipinos’ personal remittances up 3.5% in Nov 2024
Cumulative remittances are on track to rise by 3% for 2024.
GCash eyes easier payment checking for SMEs
The Philippines’ biggest fintech platform is targeting the retail sector.
Maya disbursed $1.16b in loans in 2024
It now holds almost $666.9m in deposit balances.
Philippine banks’ loans up 11.1% in Nov 2024
Loans to residents grew faster whilst loans to non-residents slowed.
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