-
Feb 10 2021 
Bankers Association supports new ATM fee-charging model
THE Bankers Association of the Philippines (BAP) threw support behind the memorandum of the Bangko Sentral ng Pilipinas (BSP) about the new charging model for automated teller machine (ATM) transactions.
Beginning April 7, all banks will be adopting acquirer-based ATM fee-charging principle following the BSP mandate. This scheme will charge cardholders for balance inquiry or fund…
-
Feb 10 2021 
Rediscount facility left untouched in January on strong market liquidity
BANKS did not tap the central bank’s rediscount facility last month as liquidity in the financial system remained ample.
“There are no availments under the Peso Rediscount Facility and the EDYRF (Exporters’ Dollar and Yen Rediscount Facility) for the period covering Jan. 1 to 31,” the Bangko Sentral ng Pilipinas said in a statement.
Lenders likewise left…
-
Feb 10 2021 
WorldRemit, Palawan Pawnshop partnership to provide more locations for remittance pick-up
One of the challenges of claiming a remittance especially during emergency situations is when there are having limited pick-up centers.Understanding the need for more pick up center, WorldRemit, a leading digital cross-border payments business is ringing in the new year with a new padala partner in the Philippines with Palawan Pawnshop. Through this partnership, WorldRemit recipients can…
-
Feb 10 2021 
Peso dips on expectations of steady BSP policy
THE PESO weakened against the dollar on Thursday on expectations that the central bank will keep benchmark interest rates untouched at record lows.
The local currency went down by 0.7 centavo on Thursday to close at P48.045 against the greenback from the P48.038 finish logged on Wednesday, data from the Bankers Association of the Philippines showed.
The…
