Banking & Insurance
BSP orders GCash to resolve unauthorized deductions
The Bangko Sentral ng Pilipinas (BSP) has intervened in the ongoing issue of unauthorized deductions from GCash accounts, directing G-Xchange, Inc. (GXI) to swiftly address the problem and expedite refunds for affected users.
Treasury bill yields mixed at auction
Average rates for treasury bills were mixed at the auction held by the Bureau of the Treasury on Monday, as the prospects of further easing by the Bangko Sentral ng Pilipinas were weighed against the weakness of the Philippine peso versus the U.S. dollar.
Manulife launches Wealth Guarantee Plan to boost Filipinos’ financial security
Manulife Philippines and Manulife China Bank Life Insurance Corporation have launched Wealth Guarantee, a new single-payment insurance plan that offers Filipinos a comprehensive savings and investment option.
BSP wins IACA Award for coin deposit machine innovation
The Bangko Sentral ng Pilipinas (BSP) has won the “Best Recirculation/Distribution Initiative or Innovation” award at the 2024 Excellence in Currency Awards for Coin, hosted by the International Association of Currency Affairs (IACA) in Lisbon, Portugal.
Maya redefines banking in PH with 52% growth in deposit balances
Maya, among the leading digital banks in the country, has reported a robust 52 percent year-on-year increase in deposit balances, reaching ₱36 billion as of September 2024.
