Tag: BSP

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Digital payments hit target as Filipinos shift from cash

Digital payments accounted for nearly two-thirds of retail transactions in the Philippines last year, putting the country within its national target range and underscoring how quickly electronic payments are replacing cash in everyday commerce.

RCBC joins BSP-backed Direct Debit PH payment system

Rizal Commercial Banking Corp. (RCBC) is among the first banks to join Direct Debit PH, a new automated recurring payment facility championed by the Bangko Sentral ng Pilipinas (BSP) to modernize the country’s payments system and accelerate the shift toward a cash-lite economy.

BSP sees elevated inflation shaping 2027 budget

The Bangko Sentral ng Pilipinas expects inflation to remain elevated in 2027, with the government adopting a 4 percent to 5 percent inflation assumption in crafting the proposed national budget amid continued global and domestic price risks.

Metrobank adds new safeguards as digital scams evolve

Metropolitan Bank & Trust Co. is strengthening its digital banking defenses with new security features designed to give customers greater control over their money as fraudsters become more adept at exploiting stolen credentials and human error.

Treasury bill yields slip; 91-day paper below 5%

Treasury bill yields continued to ease at Monday’s auction, with the rate on the benchmark 91-day paper slipping below 5 percent as cooling inflation strengthened expectations for a more accommodative monetary policy.

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Scam Watch urges ASEAN front to hold Big Tech accountable

Scam Watch Pilipinas is urging the Department of Information and Communications Technology (DICT) to use the Philippines’ 2026 ASEAN Chairship to build a united regional framework for holding major technology companies accountable for harmful content, scams, and other online threats.

NNIC remits P78B to government, invests P6.8B in NAIA overhaul

New NAIA Infra Corp. (NNIC) has remitted P78 billion to the national government and poured P6.8 billion into rehabilitation and modernization works at the Ninoy Aquino International Airport (NAIA) since taking over operations of the country’s main gateway on September 14, 2024, marking substantial early progress under the public-private partnership (PPP) framework.

Manulife, Chinabank renew bancassurance tie; MCBL marks new milestone

Manulife president and chief executive officer Phil Witherington visited Manila recently to meet with Chinabank’s executive leadership, highlighting the deepening long-standing bancassurance partnership between the two firms through Manulife China Bank Life Assurance Corporation (MCBL).

Ayala, BIR team up on AI-powered tax assistant

Ayala Corp. is bringing artificial intelligence into Philippine tax administration through a six-month partnership with the Bureau of Internal Revenue (BIR) to develop an AI-powered assistant designed to help revenue personnel find and verify tax rules faster.

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