Philippines
PH bank AUB takes e-wallet overseas with Alipay+ partnership
PH bank AUB takes e-wallet overseas with Alipay+ partnership
HelloMoney users can now pay via QR code in South Korea, Malaysia, and Hong Kong.
BPI Debit Mastercard to undergo maintenance on 4 Feb
ATM, e-commerce, and POS transactions will be unavailable from 12AM to 12NN.
Higher loan demand, low credit losses spell better year for PH banks
Philippines’ digital banks will continue to make losses due to weak asset quality.
Majority of Philippine banks to maintain lending standards in Q1: survey
Banks maintained their credit standards for households, corporates in Q4.
SMBC, RCBC ink MOU to promote foreign direct investments to the Philippines
They do this alongside the Philippine Economic Zone Authority.
Mizuho, BPI renew business cooperation agreement
The agreement aims to provide Japanese companies with banking support in the Philippines.
8 in 10 Filipinos say formal credit options more accessible in 2023: Digido
At least 1 in 2 respondents had an outstanding loan from a formal lender.
Security Bank updates terms for cash mgmt, trade finance solutions enrollment form
Notable changes include stating guidelines for T&C changes and its extent of accountability.
Philippine remittances up 2.9% to $3b in November: central bank
Cumulative personal remittances grew to $33.6b in the first 11 months of 2023.
Former PH finance secretary appointed to monetary board
He joins a seven-member board headed by BSP governor Eli Remolona, Jr.
BDO to issue $89.2m in fixed-rate sustainability bonds
It has a tenor of 1.5% years and a coupon rate of 6.025% per annum.
BPI doubles GCash e-loading fee
GCash loading via ECPay fee will be charged PHP10 starting March.
Philippine bank lending up 7% in November 2023
Loans to production activities rose thanks to a growth in real estate and energy activities.
Eight in 10 Filipinos are optimistic about formal credit options
However, 42% said there were no changes in the accessibility of formal credit alternatives.
BSP onboards first non-bank e-money issuer in real-time settlement system
OmniPay no longer needs an existing RTGS participant to sponsor their settlement.
Philippine central bank amends policy on bounced checks
It has also reintroduced the Intraday Settlement Facility for banks.
BDO, top Asian banks publish new report on climate initiatives
The report offers practical insights and recommendations for financial institutions assessing transition finance cases.
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