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Feb 26 2024 ADB Grants to Fund Digital Transformation for 9 Philippine Rural Banks
By: FintechNews
Source: fintechnewsT
he Asian Development Bank (ADB) has allocated grants amounting to US$655,000 to support the digitalisation efforts of nine rural banks, plus a bank consortium in the Philippines. This financial assistance aims to facilitate these banks in adopting digital…
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Feb 23 2024 Taxing pixels: Taking a byte out of the digital pie
By: Philstar
Source: philstarThe ITA aims to institute the promotion and maintenance of a robust e-commerce environment in the country by building trust between online merchants and online consumers as a policy of the State.
Reshaping e-commerceDespite the promise of convenience and…
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Feb 22 2024 Gov’t, AMLC, renew vow to combat ‘dirty money’
By: ManilaBulletin
Source: manilabulletin
The Bangko Sentral ng Pilipinas (BSP)-led Anti Money Laundering Council (AMLC) said Tuesday, Feb. 20, that it has secured once more the full commitment of various government agencies to strengthen the fight against money-laundering and terrorist financing in… -
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Feb 20 2024 Telcos split on need for AI rules
By: Philstar
Source: philstarMANILA, Philippines — Should the use of artificial intelligence (AI) be regulated?
Telco leaders are divided on whether the government should introduce legislation on AI to mitigate potential threats like job losses and online fraud.
In separate interviews with The…
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Feb 19 2024 Brankas Set to Expand QR and e-Wallet Payment Services for NetGlobal Pay
By: FintechNews
Source: fintechnewsB
rankas and NetGlobal Solutions Inc. have recently formalised a Memorandum of Agreement that facilitates a collaborative effort to expand the capabilities of NetGlobal Pay. This initiative focuses on enhancing the platform’s offerings to include QR Ph, pay-by-bank, and…
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Feb 14 2024 Financial literacy seen aegis vs scammers
By: BusinessMirror
Source: businessmirrorTo combat the rising incidents of online scams, Bicol Saro Partylist Rep. Brian Raymund S. Yamsuan has filed House Bill (HB) 9888, which seeks to institutionalize government financial literacy programs for workers.
Under the proposed legislation, the Department of… -
Feb 12 2024 BSP digital currency possible next year
By: ManilaBulletin
Source: manilabulletin
The Bangko Sentral ng Pilipinas (BSP) may issue its own central bank digital currency (CBDC) as soon as next year or by 2026 in a bid to replace the unregulated cryptocurrencies, said BSP Governor Eli M. Remolona Jr.
Remolona… -
Feb 07 2024 PHL likely achieved end-2023 payments digitalization target
By: BusinessWorld
Source: businessworld
The Bangko Sentral ng Pilipinas (BSP) is confident that the country has achieved its target to digitize 50% of retail transactions by end-2023 and is now ready for the next phase of its 2024-2026 Digital Payments Transformation Roadmap.I…
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Feb 06 2024 PhilSys Check Enhances ID Verification with New Authentication Services
By: FintechNews
Source: fintechnewsT
he Philippine System of Identification (PhilSys) has introduced an authentication service, PhilSys Check, to improve the security of transactions through a digital signature in a QR code on PhilID cards and ePhilIDs.
This service is accessible via a website…