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The Bangko Sentral ng Pilipinas (BSP) and the Department of Finance (DoF) expressed support for a Senate bill that gives the Philippine Development Insurance Corp. (PDIC) the flexibility to adjust the maximum deposit insurance coverage, depending on current economic indicators.

The Senate Committee on Banks, Financial Institutions and Currencies on Friday began its hearings on Senate…

Believing in the importance of trade and investment in the economic recovery of the country, BCCP Executive Director and Trustee Chris Nelson noted that the Philippines is positioned as a gateway to Southeast Asia and will remain attractive for long term investments with further opening of its economy, easing foreign ownership restrictions and passing of…

THE Social Security System (SSS) announced it has added the Bank of the Philippine Islands as a new payment channel for members to pay contributions through the SSS mobile app.

These Individual members are the self-employed, voluntary and overseas Filipino workers (OFW) who have existing BPI accounts, the state-run pension fund manager said in a statement…

Online payment gateway JazzyPay has teamed up with Union Bank of the Philippines to provide cashless payment solutions for SMEs and local businesses.

With the partnership, JazzyPay customers can now settle payments using their UnionBank accounts. In turn, UnionBank online users can now pay for local and essential businesses registered with JazzyPay.

JazzyPay, an online payment gateway system that allows businesses…