Banking & Insurance

The Bangko Sentral ng Pilipinas (BSP) has issued a public advisory warning against fraudsters falsely presenting themselves as BSP officials or employees. Scammers may send letters, emails, or text messages asking people to deposit or transfer money, claiming the payment is needed to release, recover, or restore funds, or even for charitable causes. Some also show fake BSP identification cards complete with names, photos, and forged signatures to appear credible.

Cash remains a major force in Philippine online shopping, with about 23 percent of all e-commerce transactions still paid through cash on delivery (COD), according to the Xendit Ecommerce Payments Momentum Report 2026. This figure is the highest in Southeast Asia—far above Vietnam’s 16 percent—even as COD shares drop sharply across much of the region.

The Bangko Sentral ng Pilipinas (BSP), together with the Reinventing Bretton Woods Committee, staged the 6th International Research Fair on October 6–7, 2026, bringing together top experts and policymakers from around the world to tackle key issues shaping today’s evolving economic landscape.

Bank of the Philippine Islands (BPI) President and CEO TG Limcaoco shared leadership insights with the Far Eastern University community on September 30, as the bank and its foundation expanded their partnership to include broader financial education across the FEU network.

The Social Security System’s (SSS) benefit payments grew nearly three times faster than contribution collections in the first half of 2026, narrowing the gap between the pension fund’s inflows and payouts and highlighting the importance of sustaining its financial position.