Banking & Insurance
BPI eliminates corporate PESONet fees via BizLink to drive business efficiency
To boost business operations and lower digital transaction hurdles across the country, the Bank of the Philippine Islands (BPI) has waived all PESONet transfer fees for payments processed through the Pay Non-BPI disbursement feature on its corporate platform, BPI BizLink.
Digital payments hit target as Filipinos shift from cash
Digital payments accounted for nearly two-thirds of retail transactions in the Philippines last year, putting the country within its national target range and underscoring how quickly electronic payments are replacing cash in everyday commerce.
RCBC joins BSP-backed Direct Debit PH payment system
Rizal Commercial Banking Corp. (RCBC) is among the first banks to join Direct Debit PH, a new automated recurring payment facility championed by the Bangko Sentral ng Pilipinas (BSP) to modernize the country’s payments system and accelerate the shift toward a cash-lite economy.
HSBC urges Philippines to turn investor interest into projects
The Philippines must move faster to convert investor interest into actual projects as global capital grows more selective amid geopolitical tensions and market volatility, HSBC Philippines said.
BankCom expands branches, tech to tap SMC ecosystem
Bank of Commerce (BankCom) is widening its physical and digital footprint as it seeks to turn its role as San Miguel Corp.’s (SMC) operational bank into a broader growth engine.
