Electronic money issuers (EMIs) are now required to comply with minimum capital and liquidity requirements amid the rising incidence of information technology-related risks and to better protect the interests of account holders, according to the Bangko Sentral ng Pilipinas (BSP).
State-run Land Bank of the Philippines and Pryce Corp. have inked a P1.6-billion loan agreement to fund the expansion of the firm’s operations in real estate development and liquefied petroleum gas (LPG) distribution.
UBX, the fintech arm of Aboitiz-led Union Bank of the Philippines, has partnered with Etiqa Philippines to introduce an “Insure now, Pay later” scheme in the Philippines.
Country Builders Bank (CBB) has been named the Best Micro Finance Bank in the Philippines for 2023 by the London-based Global Banking & Finance Review.