InstaPay, PESONet transactions jump to P17.5 trillion as of Sept.
THE VALUE of transactions made via the automated clearing houses InstaPay and PESONet grew by 41.1% to over P17 trillion at end-September, with InstaPay transfers reaching over P1 trillion for the first time last month.
BPI net income hits P50.5 billion in first nine months as revenues increase
BANK of the Philippine Islands’ (BPI) net income rise increased by 5.2% in the first nine months of the year as its revenue growth...
First-time card users to drive growth in PHL credit market
FIRST-TIME credit card users are seen to drive growth in the country’s credit market as the product can serve as their entry point to...
Peso weakens on concerns over US-China trade spat
THE PESO dropped versus the dollar on Thursday due to concerns over renewed trade tensions between the United States and China.
The local unit weakened...
How corruption shrinks market value
By Reynaldo C. Lugtu, Jr.
I want to begin by laying out something stark: when news broke of the mess surrounding flood control projects, people claimed the Philippine Stock...
Bitget Wallet launches crypto card
BITGET WALLET has launched a card in the Philippines and other select Asia-Pacific markets that will let users pay using cryptocurrencies.
The Bitget Wallet Card...
Yields on term deposits fall as BSP signals further rate cuts
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits fell on Wednesday on strong demand for short-term papers amid expectations of further monetary...
Singlife offers digital insurance products via AUB’s HelloMoney e-wallet
SINGLIFE Philippines, Inc. has partnered with Asia United Bank Corp. (AUB) to offer digital insurance products via the HelloMoney e-wallet as they look to...
Peso jumps on dovish Fed, trade woes
THE PESO strengthened against the dollar on Wednesday following rate cut signals from US Federal Reserve Chair Jerome H. Powell and trade tensions between...
UnionDigital deploys liveness solutions to improve protection vs cyberthreats
UNIONDIGITAL Bank, Inc., the digital bank subsidiary of Union Bank of the Philippines, has partnered with identity verification provider iProov to help protect its...
Fed’s Powell says the end of balance sheet drawdown process may be nearing
Federal Reserve Chair Jerome Powell said on Tuesday the end of the central bank’s long-running effort to shrink the size of its holdings, widely...
Banks deposits rise to P20.67 trillion as of June
THE PHILIPPINE banking system’s total deposits grew by 5.9% year on year to P20.671 trillion at end-June from P19.518 trillion, data from the Bangko...