Banking & Insurance
BanKo taps ECPay’s 300K-member network to reach underserved Filipinos
BPI Direct BanKo, Inc., a savings bank (BanKo), the microfinance arm of the Bank of the Philippine Islands (BPI), has partnered with Electronic Commerce Payments Inc. (ECPay), a leading electronic payment service provider, to make financial services more accessible to Filipinos, particularly micro-entrepreneurs and underserved communities.
Insurer tackles road risks with affordable insurance
Againsts a background of a 34 percent surge in holiday road traffic incidents, tech-based insurance platform Policymate is intensifying efforts to provide accessible vehicle insurance solutions to Filipino motorists.
Job scam uses deputy BSP governor’s photo
The Bangko Sentral ng Pilipinas (BSP) has issued a public advisory after receiving reports of a scam involving the unauthorized use of Deputy Governor Chuchi G. Fonacier’s photo in bogus online job offers.
BSP to suspend coin deposit machines program for review
The Bangko Sentral ng Pilipinas (BSP) said it will temporarily suspend the operation of Coin Deposit Machines (CoDMs) in select malls starting June 17 to conduct a comprehensive review aimed at enhancing the coin recirculation program.
BSP bars four firms for unauthorized money service operations
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has disqualified four entities from registering or obtaining a license to operate under its supervision after they were found operating as Money Service Businesses (MSBs) without prior BSP registration.
