Sy-led BDO Unibank Inc. is raising as much as P100 billion by tapping the onshore debt market after the Bangko Sentral ng Pilipinas (BSP) provided banks with an alternative source of funding.

Assets of Philippine banks booked a double-digit 10.2 percent growth to hit a record P16.1 trillion in the first half of the year from P14.58 trillion in the same period last year, data from the Bangko Sentral ng PIlipinas (BSP) showed.

Ridesharing operator Grab has been given the green light to operate as an electronic money issuer (EMI) by the Bangko Sentral ng Pilipinas.

The Bangko Sentral ng Pilipinas (BSP) said the enactment of the national ID law is a big boost to its efforts to increase the level of cashless transactions to 20 percent by 2020 from about one percent.

The organization of electronic money issuers (EMIs) is gearing up micro, small, and medium enterprises (MSMEs) to accept e-payments in support of the efforts of the Bangko Sentral ng Pilipinas (BSP) to build up digital payments.