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Oct 18 2020 Pandemic fast-tracks race to financial inclusion–BSP
IN what appears to be a rare silver lining, the global pandemic has pushed more Filipinos to open bank accounts and do their transactions online, the Bangko Sentral ng Pilipinas (BSP) governor said in a recent speaking engagement.
Central Bank chief Benjamin Diokno said their goal to increase local financial inclusion by 2023 may have been…
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Oct 18 2020 Online lenders barred from harvesting borrowers’ phone and social-media contact list, says Privacy Commission
Lenders operating online apps that can be installed in smartphones are prohibited from harvesting personal information, such as phone and social media contact lists, for harassing delinquent borrowers, the National Privacy Commission (NPC) said in a circular it published today, October 19.
The Commission issued Circular No. 20-01 in response to numerous complaints that online lenders…
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Oct 18 2020 Globe makes connectivity easier in midst of COVID19, as KonekTayo School Bus WiFi launches in Manila
Mindful of the importance of connectivity at home as COVID-19 pandemic continues to bring uncertainty in the country that prompted the government to enforce community quarantine and observe strict social distancing, Globe reached out to the underprivileged communities and officially launched the School Bus WiFi program in Manila City today. The kick-off also marks a…
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Oct 18 2020 IPOPHL’s Mobiliz app, sets to provide convenience for Filipino entrepreneurs, innovators
Aiming to reach out to more creators and innovators and provide them an easier way to secure their intellectual property (IP) assets, the IP Office of the Philippines (IPOPHL) launched Monday, Oct. 19, its very own mobile application it named “IPOPHL Mobiliz.”
“Given that many of us spend most of our time on mobile, this development…
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Oct 18 2020 Digitization Initiatives Discussed by the Financial Inclusion Steering Committee
The Financial Inclusion Steering Committee (FISC), chaired by Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno, held its 9th meeting on 06 October 2020 via video conferencing facilities. The FISC meeting, attended by high level representatives from 20 government agencies, is a testament to the whole of government approach being employed to drive financial…
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Oct 17 2020 QC public market now accepts digital payments
The Litex Market along Commonwealth Avenue in Quezon City may not yet have the facial lift it deserves but its vendors have already upgraded their system to catch up with the times as they embraced digital payment for a more convenient transaction.
Diskartech, an app of the Rizal Commercial Banking Corporation (RCBC), is being used by…
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Oct 16 2020 MoneyGram and PayMaya Ties Up for Real-Time Payments Using Visa Direct
MoneyGram, a provider of cross-border P2P payments and money transfers, announced a partnership with PayMaya Philippines to enable real-time payments with Visa Direct.
The new digital capability will allow customers to send money from the United States to the Philippines through Visa’s real-time push-payment solution called Visa Direct.
Consumers in the United States can use MoneyGram’s mobile…
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Oct 15 2020 BSP raises P120 billion at bill auction
The Philippine central bank raised P120 billion in short-term securities on Friday due to strong demand.
In a notice posted on its website, the Bangko Sentral ng Pilipinas (BSP) said it had fully awarded the 28-day bills it auctioned off out of total bids worth P129.1 billion.
The auction was the fifth straight time the central bank…
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Oct 15 2020 E-payments seen rising in cash-heavy ASEAN
THERE IS ROOM for growth in digital payments across cash-heavy Association of Southeast Asian Nations (ASEAN), including the Philippines, as businesses can tap underbanked consumers in markets with relatively high smartphone and internet penetration, the Hongkong and Shanghai Banking Corp. (HSBC) Global Research said on Thursday.
“While e-wallets are the most popular mode of payments in…
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Oct 15 2020 Grab Philippines Appoints Grace Vera Cruz as Its Country Head
Grab, South East Asian ride-hailing app, announced the appointment of Grace Vera Cruz as Country Head for Grab Philippines.
Grace brings with her more than 15 years of business experience and vast industry knowledge to drive Grab’s mission in the Philippines.
Prior to Grab, she was the Managing Director of Seawood Resources, a Philippine-based investment company and…