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Apr 21 2021 
BSP wants Bank Secrecy Law eased
BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E. Diokno will ask President Rodrigo R. Duterte to certify as urgent a bill seeking to ease the Bank Secrecy Law, as he noted the Philippines is the only country with such tight restrictions on bank deposit information.
“We will request the President to certify the bill as urgent,”…
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Apr 21 2021 
Diokno willing to grant more digital bank licenses
THE central bank is willing to allow more digital banks to operate in the country, if it sees strong demand, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said.
“Our policy is to consider among the applicants the top five banks that we are willing to consider, and depending on our experience, we may expand…
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Apr 21 2021 
Fintech Plans To Roll Out More Payment Options
AN Indonesia-based financial technology (fintech) player will be introducing more over-the-counter payment options starting this second quarter.
Xendit Philippines Inc. said it was investing in local partners and channels to come up with solutions addressing the common paint points of merchants and customers.
“Xendit strives to make payments in the Philippines more affordable and accessible, even for…
