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Aug 11 2021 
[FEATURING] Philippines e-wallet app GCash crosses $3.97b in monthly transactions; plans to open crypto trading
GCash, one of the most popular e-wallets in the Philippines, is growing at a rapid rate with plans to introduce crypto-currency trading on its platform.
The company recently announced that it has crossed 200 billion-pesos ($3.97 billion USD) in monthly gross transaction volume within the first half of 2021, and expects to beat last year’s figures.
Key Highlights
According to Martha Sazon,…
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Aug 11 2021 
[FOR YOUR INFO] BSP reminds banks to accept mutilated currencies from public
The Bangko Sentral ng Pilipinas (BSP) on Wednesday reminded all authorized agent banks (AABs) to accept mutilated or doubtful currencies from the public, pursuant to BSP Circular 829.
In a statement on Wednesday, the BSP said AABs shall subsequently forward the mutilated or doubtful banknotes and coins to the BSP for examination of redemption value and/or…
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Aug 11 2021 
[FOR YOUR INFO] Regulator warns public on unlicensed insurers
THE Insurance Commission (IC) has warned the public against two unlicensed entities selling insurance products.
In a statement last Wednesday, the IC said it has recently issued Notices to Explain to Miler Insurance and Insuro’s Insurance Services, which were discovered to have been conducting business without the necessary certificates of authority from the regulator.
“This may be…
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Aug 11 2021 
[FEATURING] Lazada partners with Kwik.insure to provide free COVID-19 insurance to customers
Lazada, the leading e-commerce platform in the Philippines, has partnered with Kwik.insure, the Philippines’ largest online insurance marketplace, to provide its customers with free COVID-19 insurance.
For every Bills Payment transaction done by a Lazada customer via the Lazada Wallet, they will be eligible for a free COVID-19 insurance. The customer will instantly receive a free…
