Saturday, 12 July 2025, 8:12 am

    Banking & Insurance

    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.

    Gotyme partners with BSP’s coin deposit program

    GoTyme Bank on Wednesday joined hands with the Bangko Sentral ng Pilipinas in allowing its customers to deposit their coins and turn them into high-interest savings.

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