Banking & Insurance
Digital remittance study highlights evolving cross-border payment trends in PH
Filipinos are adopting faster, digital-first methods to move money across borders, relying heavily on mobile wallets and bank transfers to support daily household needs while demonstrating an appetite for emerging digital currencies like stablecoins.
BPI posts P48.9-B net income over nine months; strengthens market standing
The Bank of the Philippine Islands (BPI) reported net income of P48.9 billion for the first nine months of the year, driven by solid loan growth, rising fee revenues, and steady business activity across core segments. Returns stood at 13.6 percent for return on equity and 1.8 percent for return on assets, with earnings tempered by ongoing investments in people, technology, network expansion, and prudent credit provisioning.
Citi sees record ASEAN banking year as deals surge 30%
Citi expects 2026 to mark a record year for investment banking across Southeast Asia, as accelerating mergers and acquisitions (M&A), artificial intelligence-related financing and capital-market fundraising drive deal activity, with the Philippines among markets accessing international debt investors.
BDO streamlines bank account opening for Filipinos via BDO Pay app
Opening a bank account in the Philippines is now as simple as ordering a meal online, thanks to BDO Unibank’s fully digital account setup via the BDO Pay app.
Palawan Group, LANDBANK, DSWD expand access to government aid
The Palawan Group of Companies, Land Bank of the Philippines (LANDBANK) and the Department of Social Welfare and Development (DSWD) have partnered to expand access to government financial assistance, combining digital payment services with physical payout channels to reach vulnerable Filipinos.
