Banks opt for digitalization, drop M&A plans — Moody’s
Moody’s Investors Services said Philippine banks are opting to ramp up their digitalization programs rather than to acquire and merge with problematic banks.
Banking
Virtual currency deals on the rise
Transactions involving virtual currencies continued to rise in the Philippines despite the advisories issued by the Bangko Sentral ng Pilipinas (BSP) cautioning the public on the acquisition, possession and trading of virtual currencies, particularly bitcoins.
Banking
Banks step up digital shift
Philippine banks are stepping up their digital transformation to make transactions easier for more Filipinos and in support of the cash-lite environment being pushed by the Bangko Sentral ng Pilipinas (BSP).
Banking
Clients urged to claim EMV debit cards as deadline nears
With only two weeks left before the June 30 deadline for the mandatory shift to the Europay, Mastercard, Visa (EMV) technology, a significant number of clients have yet to visit their bank branches to claim their cards and update their personal information.
Banking
SP OKs 45 bank branch-lite units
The Bangko Sentral ng Pilipinas (BSP) has approved the establishment of 45 branch-lite units of big and small banks nationwide as part of efforts to promote financial inclusion.
Banking
BSP to conduct maiden banking sector outlook survey
Philippines well-poised to adopt blockchain technology
Robinsons Bank allots P737 million for capex
BSP prods rural banks to expand, lend more
BPI microfinance unit targets P2 billion loan book
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