27 May 2019

  • Ayala-backed fintech awaits BSP move for QR standard for mobile payments
    The Bangko Sentral ng Pilipinas’s (BSP) move to create a national QR standard for offline mobile digital payments changes the game for financial technology (fintech) players and banks alike. Globe Fintech Innovations Inc. Vice Chairman Ernest L. Cu said with this move, the battle for the tech’s usage now lies on user experience, no longer pervasiveness. […]
  • Insignificant ‘digital change’ blamed for PHL ‘finservices’ lag
    The country’s financial services sector lagged behind its Asean peers due to lack of “significant transformation” in the past 30 years, according to a consultant of the Philippine Institute for Development Studies (PIDS). In a policy note titled “Financial sector development: A review,” PIDS consultant Melanie S. Milo said that in terms of financial depth, […]
  • Order tightening control on flow of goods effective June
    The Bureau of Customs (BOC) said it will implement by June two Customs Memorandum Orders (CMOs) tightening control on the flow of goods in the country’s ports. In a statement issued on Sunday, the BOC said the implementation of CMO 05-2019 in line with the registration of truckers and CMO 18-2019 on the lodgement period […]
  • Raising the Bar High in the Banking Industry
    In the old days, people heavily relied on face-to-face transactions to accommodate their banking needs. Everyone can agree, however, that visiting a bank isn’t the most convenient thing, most especially when factoring in a hectic schedule and the brewing traffic around the neighborhood. Fortunately, innovative features in modern banking technology have changed the way people […]
  • Monetary execs cut deposit requirement of small banks
    A WEEK after its cut in the universal and commercial banks reserve requirement ratio (RRR), the Bangko Sentral ng Pilipinas (BSP) Monetary Board moved to cut its deposit requirement again—this time on smaller banks in the system. BSP Governor Benjamin E. Diokno announced to the media on Thursday afternoon that the Monetary Board decided to […]

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