Banking & Insurance
BPI launches cross-border payment service, DMCI Homes first adopter
The Bank of the Philippine Islands (BPI) has rolled out its overseas collection arrangement (OCA), a new cross-border payment solution that lets Philippine businesses receive payments directly from overseas customers, with DMCI Homes becoming the first property developer to use the service for its clients based in the United States.
Treasury bill yields rise ahead of BSP rate decision
Yields on shorter-dated Philippine Treasury bills climbed at Monday’s auction as investors positioned for a possible further monetary tightening by the Bangko Sentral ng Pilipinas (BSP) later this week.
AIA Philippines debuts investment plan with quarterly payout potential
AIA Philippines has introduced AIA Advantage Max, a single-premium investment-linked insurance product that combines life insurance protection until age 100 with access to global investment funds offering potential quarterly income distributions.
GoTyme pushes mandatory open finance to promote banking competition
GoTyme Bank is calling on the government to mandate open finance in the Philippines, arguing that resistance from established lenders is limiting consumers’ control over financial data and restricting access to affordable credit.
Foreign currency reserves dip to $99.5 billion in September
The country’s gross international reserves dipped to $99.5 billion at the end of September 2026, down from the previous month’s balance, according to data released by the Bangko Sentral ng Pilipinas.
