BSP partners with DICT for digitalization initiatives
THE BANGKO SENTRAL ng Pilipinas (BSP) has signed a memorandum of agreement with the Department of Information and Communications Technology (DICT) to provide infrastructure...
UnionDigital offers unlimited, free InstaPay transfers
UNIONDIGITAL Bank, Inc. (UD), the digital banking arm of listed Union Bank of the Philippines, Inc., is offering unlimited and free fund transfers via...
T-bill, bond rates may be mixed on easing hopes
RATES of the Treasury bills (T-bills) and Treasury bonds (T-bonds) on offer this week could end mixed as the market prices in expectations of...
DBP eyes peso bond issue late next year
THE DEVELOPMENT BANK of the Philippines (DBP) is planning to tap the domestic bond market again in the second half of 2026 to raise...
Yields on gov’t debt rise on profit taking
YIELDS on government securities (GS) ended mostly higher last week as market players repositioned before the month’s end amid domestic political concerns and with...
Peso may remain at P58:$1 level on improving sentiment
THE PESO is seen holding within the P58-per-dollar level this week on improved market sentiment after S&P Global Ratings last week affirmed the Philippines’...
BSP bills’ average yield edges up despite oversubscription
THE Bangko Sentral ng Pilipinas’ (BSP) one-month securities fetched a higher average rate on Friday despite strong demand as it made a partial award...
RCBC sees increased credit card usage
RIZAL COMMERCIAL Banking Corp. (RCBC) saw increased use of credit cards among its clients leading up to the holidays, showing sustained consumer confidence and...
Security Bank taps WIZ.AI for customer engagement
SECURITY BANK Corp. has tapped Singapore-based technology firm WIZ.AI to introduce human-like conversational artificial intelligence (AI) to improve its customer engagement efforts.
This partnership, which...
Appetite for PHL bonds stays strong despite corruption concerns – nat’l treasurer
THE Bureau of the Treasury (BTr) said appetite for Philippine government securities (GS) remains upbeat, even as capital markets have seen volatility due to...
PHL card payments seen growing to P4.2 trillion
CARD PAYMENTS in the Philippines are expected to grow to P4.2 trillion this year, driven by sustained financial inclusion efforts and improved infrastructure, according...
Credit growth to pick up with AI-enabled lending
THE USE of artificial intelligence (AI) in lending processes could accelerate Philippine banks’ credit growth to 15-18%, according to financial technology (fintech) company Intellect...