Tag: Credit Information System

The Philippines recorded the region’s highest reported use of e-wallets for scam payments, with 74 percent of Filipino scam victims who lost money saying they paid through digital wallets, compared with a 34 percent ASEAN average, according to a report by the ASEAN+3 Macroeconomic Research Office (AMRO).

The initial public offering of Mynt Inc., the company behind leading digital wallet GCash, has drawn overwhelming demand from investors, with many brokers reporting subscriptions far exceeding the shares available.

The Securities and Exchange Commission (SEC) has ordered the unauthorized Facebook page "Cash-Express Payday Loan" to cease operations immediately. The page is illegally copying the name and branding of legitimate firm Cash-Express Philippines Financing Inc., which has confirmed it has no link or affiliation with the account whatsoever.

Treasury bill yields climbed across the board at Monday’s auction as investors appeared to demand higher returns amid surging inflation and uncertainty over the next move by the Bangko Sentral ng Pilipinas.