You searched for Bangko Sentral ng Pilipinas - BusinessNews.ph

Rapid Evolution in Philippines’ BFSI Sector: BFSI IT Summit 2024 to Illuminate Transformation

Marie Jones — Fri, 19 Apr 2024 01:11:49 +0000

The banking, financial services, and insurance (BFSI) sector in the Philippines are undergoing a profound transformation, fueled by a surge in mobile penetration, the proliferation of Fintech solutions, and accelerated technology adoption. Notably, the Bangko Sentral ng Pilipinas (BSP) forecasts a substantial uptick in the banking system’s total assets, soaring from PHP 23.7 trillion in [...]

The post Rapid Evolution in Philippines’ BFSI Sector: BFSI IT Summit 2024 to Illuminate Transformation appeared first on BusinessNews.ph.

C PASS, Cebu City’s crypto firm, gets EU go signal to operate

BusinessNews.ph — Wed, 01 Mar 2023 06:44:23 +0000

CEBU CITY, Philippines – Homegrown virtual asset company C PASS has been issued a license to extend its send-and-receive cryptocurrency operation to Europe. This was announced by the company’s Vice President, Charlie Seo, who added that they will officially launch their digital wallet service and their stable coin, C PESO, for Europe this March. “This [...]

The post C PASS, Cebu City’s crypto firm, gets EU go signal to operate appeared first on BusinessNews.ph.

GCash to host ‘One with the Nation’ public sector event in Visayas

BusinessNews.ph — Thu, 03 Nov 2022 07:53:16 +0000

Leading fintech company GCash is bringing its ‘One with the Nation’ annual conference to the Visayas, in line with its vision of achieving ‘Finance for All’. In partnership with public sector organizations, GCash aims to bring crucial insights into the future of digital financial services to promote financial inclusion and foster economic growth. The hybrid [...]

The post GCash to host ‘One with the Nation’ public sector event in Visayas appeared first on BusinessNews.ph.

Oz Forensics, AppsFlyer and OutSystems have made the most strategic move to capitalize on Philippines’ fintech market

Marie Jones — Fri, 12 Aug 2022 15:30:27 +0000

Southeast Asia’s most renowned FSI event, World Financial Innovation Series (WFIS), is now ready to disrupt Philippines’ fintech market with its inaugural edition in the country. To give an estimate of the country’s burgeoning market, the first half of 2021 witnessed a total funding of $342 million garnered by the country’s fintech firms, more than [...]

The post Oz Forensics, AppsFlyer and OutSystems have made the most strategic move to capitalize on Philippines’ fintech market appeared first on BusinessNews.ph.

BSP urges fintechs to seize opportunities presented by rise in e-payments

Jim Delos Angeles — Mon, 06 Sep 2021 03:00:09 +0000

The Bangko Sentral ng Pilipinas (BSP) urges financial technology firms (fintechs) to seize opportunities presented by the rise in digital transactions and issuance of supportive e-payment policies in developing innovative solutions. “Strike while the iron is hot. Tap into your innovation DNA to create worthwhile solutions. The conditions are ripe and the time to act [...]

The post BSP urges fintechs to seize opportunities presented by rise in e-payments appeared first on BusinessNews.ph.

BSP reminds banks to accept mutilated/doubtful currencies from public

Jim Delos Angeles — Thu, 12 Aug 2021 04:32:16 +0000

The Bangko Sentral ng Pilipinas (BSP) reminds all authorized agent banks (AABs) to accept mutilated/doubtful currencies from the public, pursuant to BSP Circular No. 829. AABs shall subsequently forward the mutilated/doubtful banknotes and coins to the BSP for examination of redemption value and/or genuineness. To avoid disintegration or further deterioration while in transit, banks are [...]

The post BSP reminds banks to accept mutilated/doubtful currencies from public appeared first on BusinessNews.ph.

Vista Land optimistic as remittances from overseas Filipinos rise

BusinessNews.ph — Wed, 28 Jul 2021 00:46:44 +0000

Vista Land & Lifescapes, Inc., one of the country’s leading integrated property developers and the largest homebuilder is still optimistic for the rest of the year following the recent developments amid the pandemic, the National News has reported. “While COVID-19 continues to impact our performance, both on our leasing and residential businesses, we still anticipate [...]

The post Vista Land optimistic as remittances from overseas Filipinos rise appeared first on BusinessNews.ph.

BSP orders Lyka to halt operations

Kharla Marasigan — Mon, 26 Jul 2021 01:26:15 +0000

The Bangko Sentral ng Pilipinas (BSP) has issued an order to an Operator of Payment System (OPS) to suspend its operation as an OPS and has invited said entity to register with the BSP as provided under Republic Act No. 11127 or The National Payment Systems Act (NPSA). Said OPS is Lyka, a social media [...]

The post BSP orders Lyka to halt operations appeared first on BusinessNews.ph.

BSP supports empowerment of PWDs

Kharla Marasigan — Sun, 25 Jul 2021 02:22:12 +0000

The Bangko Sentral ng Pilipinas (BSP) has highlighted the importance of empowering Persons with Disability (PWDs) through digital financial inclusion during the recent webinar1 marking the 43rd National Disability Prevention and Rehabilitation Week. “The BSP lauds the National Council on Disability Affairs and other stakeholders for upholding the rights of the PWD sector. Rest assured [...]

The post BSP supports empowerment of PWDs appeared first on BusinessNews.ph.

More financial consumers tapping BSP’s chatbot

BusinessNews.ph — Sun, 25 Jul 2021 02:19:05 +0000

An increasing number of financial consumers are coursing their concerns and queries through the Bangko Sentral ng Pilipinas (BSP) Online Buddy (BOB), the BSP chatbot that automates handling of consumer complaints. Complaints and queries processed through BOB represented 58% of total cases during the second quarter of 2021. This is almost four times higher than [...]

The post More financial consumers tapping BSP’s chatbot appeared first on BusinessNews.ph.