Banking & Insurance
Philippine reserves ease to USD103.3B in July
The Philippines’ gross international reserves (GIR) fell to USD103.3 billion at the end of July from USD104.7 billion a month earlier, while the country posted a USD1.5-billion balance of payments (BOP) deficit, reflecting continued pressure from external transactions.
AIA, BPI AIA target Philippines’ evolving retirement needs
Longer life expectancies, smaller families, and rising healthcare costs are forcing Filipinos to rethink retirement planning, creating demand for financial products that can provide both protection and income well into old age.
Filipinos trust credit more despite financial worries
Filipinos are showing stronger trust in formal credit and digital financial services even as their outlook on household finances weakens, pointing to a maturing credit market amid persistent inflation and cost-of-living pressures, according to TransUnion’s 2026 Credit Perception Index.
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.
