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Feb 16 2021 
BDO Unibank Enables QR Code Withdrawals From Select ATMs
BDO Unibank announced that its customers can now make cardless, QR code-based withdrawals from select ATMs.
Customers will have to login to their BDO banking app in order to generate a QR code.
BDO said that each QR code is unique to each withdrawal transaction and is valid for only 24 hours upon generation to protect its…
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Feb 16 2021 
Credit card use seen to recover
AN industry group is anticipating credit card loans to gain some recovery this year as more business activities resume after government moves to ease lockdown measures amid increasing number of Covid cases.
Credit Card Association of the Philippines (CCAP) Executive Director Alex B. Ilagan told the BusinessMirror that the growth in credit card borrowings this year,…
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Feb 16 2021 
SSS loans and benefits can now be received via RCBC’s DiskarTech
The necessity of the development of various technological innovations even before the pandemic has proven to be very helpful as the demand for efficient, safe and touchless transactions surged.Now, all the members of the Social Security System (SSS) worldwide can now get their SSS benefits and loans proceeds through the DiskarTech mobile app of the…
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Feb 16 2021 
Duterte signs FIST into law
PRESIDENT Rodrigo R. Duterte on Tuesday signed the law allowing financial institutions to sell bad loans to asset management companies, according to Finance Secretary Carlos G. Dominguez III.
Republic Act No. 11523, otherwise known as the Financial Institutions Strategic Transfer (FIST) Act, creates specialized asset management firms that would acquire nonperforming assets from distressed financial institutions.
The…
