Banking & Insurance
Lender brings Google Pay to Filipino cardholders
EastWest Bank cardholders are now turning to contactless payments through Google Pay, which has recently become available in the Philippines for compatible Android and Wear OS devices. EastWest is among the first local banks to support the service, allowing customers to add their Visa or Mastercard credit cards to Google Wallet and pay with a simple tap of their phone.
Finance chief welcomes SSS Emergency Loan Program
Finance Secretary and Social Security Commission Chairman Frederick D. Go praised the Social Security System (SSS) for launching its Emergency Loan Program (ELP), saying it will help members get faster and easier access to financial support during disasters.
Central bank cautions public on BSP-linked scams
The Bangko Sentral ng Pilipinas has warned the public to stay alert against fraudulent schemes that misuse the BSP’s name, logo, and even the names and signatures of its officials.
Sumitomo Mitsui raises stake in RCBC for P6.4B
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has raised its stake in Rizal Commercial Banking Corp. (RCBC), acquiring an additional 4.46 percent equity interest worth P6.4 billion and boosting its total ownership to 24.46 percent.
BSP, regional peers reaffirm support for financial stability and integration
The Bangko Sentral ng Pilipinas (BSP) joined fellow members of the Executives’ Meeting of East Asia-Pacific Central Banks (EMEAP) in reaffirming their commitment to strengthen financial integration, stability, and resilience in the region.
