Banking & Insurance
GCash extends users credit card privileges with Security Bank
GCash lending arm Fuse has partnered with Security Bank enabling select GCash users have direct access to the latter’s credit cards, and soon, to its home and auto loans.
T-bill rates ease on rate cut prospects
Treasury bill yields continue to decline at Monday’s auction with lower inflation in August raising prospects of further monetary policy easing.
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.
