Banking & Insurance
Foreign debt nudges higher to $128.7 billion
The country's foreign obligations increased by 2.6 percent in the first three months this year or by USD3.3 billion on the back of greater private sector borrowings, mostly private lenders requiring foreign financing in pursuit of their corporate goals.
BPI taps app-based mobile wallet to bring products, services closer to more Filipinos
Filipinos can now conveniently apply for Bank of the Philippine Islands (BPI) products directly at select Pay&Go kiosks nationwide, following the announcement of a new partnership between the two companies.
Fed keeping US rates steady may force BSP to delay rate cuts to 2025
The decision by the Federal Reserve to hold US interest rates steady following May's inflation data, which came unexpectedly unchanged, could have dimmed expectations for a rate cut by the Bangko Sentral ng Pilipinas during its August policy meeting.
Pinoy-centric fintech secures fresh funds for expansion
BayaniPay, a global payments process automation company, has secured an additional USD3 million in funding to fuel the expansion of its global payments capabilities, putting them on track for a tenfold increase in growth this year.
Maya’s strength is the bank, not its wallet – MVP
Digital bank and e-wallet platform Maya is unlikely to undertake an initial public offering (IPO) in the next two years, according to the man...
