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.
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.