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Banking & Insurance
Local banks work on tokenization hurdles to clear Apple Pay’s Philippine launch
The Bangko Sentral ng Pilipinas (BSP) in 2025 cleared a key regulatory path for Apple Pay by classifying it as a technology service provider rather than an operator of payment systems. Because the platform processes payment credentials through contactless technology without directly handling, settling, or holding customer funds, the central bank confirmed it does not need to register as a payment system operator. Central bank officials noted that once this regulatory distinction was established, the decision on when to roll out the service rested entirely on the readiness of local financial institutions.
Corporate
iACADEMY brings together government and education leaders for student safe space campaign
Student safety today goes far beyond school grounds, covering physical security, mental health, and responsible online behavior as one closely linked system.
Economy
ECOP urges regions to resist copying NCR wage hike
The Employers Confederation of the Philippines (ECOP) has cautioned regional wage boards against automatically following Metro Manila's latest minimum wage increase, arguing that wage adjustments should reflect local economic realities rather than establish a nationwide template.
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