Banking & Insurance
RCBC launches own payments solution platform
Yuchengco-led Rizal Commercial Banking Corp. has launched RCBC Pay, a payments solution that allows RCBC Mastercard credit cardholders to make secure, contactless payments using their NFC-compatible Android smartphones.
Online lender picks Cebuana Lhuillier as partner
Fintech company Advance and Cebuana Lhuillier have partnered in a P100 million lending program helping empower businesses and individuals across the country.
Second-quarter BOP reverses to a surplus
The country’s balance of payments (BOP) position posted a surplus of USD1.2 billion in the second quarter this year, a turnaround from a deficit of USD1.2 billion in Q2 2023. The reversal, the Bangko Sentral ng Pilipinas said, was due to significantly higher net inflows posted in the financial account, notwithstanding the increase in the current account deficit.
Gotyme partners with BSP’s coin deposit program
GoTyme Bank on Wednesday joined hands with the Bangko Sentral ng Pilipinas in allowing its customers to deposit their coins and turn them into high-interest savings.
T-bill yields decline on slower August inflation
Treasury bill yields were lower at Monday’s auction, dragged down by lower headline inflation in August that raised the possibility of further monetary policy easing by the central bank, the Bangko Sentral ng Pilipinas.
