As online activity intensifies during the Valentine’s season, Bank of the Philippine Islands (BPI) and East West Bank have issued a strong and urgent warning: fraud schemes are surging, and scammers are aggressively targeting customers amid the spike in digital transactions and heightened emotions of the “love month.”
The Bangko Sentral ng Pilipinas (BSP) is expected to cut its key interest rate by 25 basis points to 4.25 percent at its February 19 policy meeting, according to Metrobank, as slowing economic growth takes priority over near-term inflation concerns.
Edwin R. Bautista is a distinguished Filipino banking executive with over three decades of leadership experience in the financial services industry. Appointed president and chief executive officer of Philippine National Bank (PNB) effective April 29, 2025, he leads one of the country's largest and most established banking institutions at a pivotal stage of strategic modernization and growth.
As more people celebrate Valentine’s Day online, the Bank of the Philippine Islands (BPI) urges caution and for the public to protect personal and financial information.
The Philippine National Bank (PNB) has partnered with Mastercard to advance tokenization, a technology that replaces card numbers with unique digital tokens for each transaction, boosting security for both online and in-store payments.