UK’s TerraPay partners with Maya to boost transactions
SINGAPORE — United Kingdom-based TerraPay has partnered with Maya to expand its network and boost cross-border transactions, it announced on Wednesday.
The partnership was announced...
Most Filipinos prefer to save money than borrow to fund large purchases
ONLY 21% of Filipinos plan to borrow or use credit to make purchases in the coming months, based on a study from TransUnion Philippines.
“The...
SSS taps LANDBANK, DBP as fund managers
STATE PENSION FUND Social Security System (SSS) has selected Land Bank of the Philippines (LANDBANK) and the Development Bank of the Philippines (DBP) to...
UnionBank eyeing to use AI solutions to help make online transactions safer
SINGAPORE — Union Bank of the Philippines, Inc. (UnionBank) is working on artificial intelligence (AI) solutions to curb fraudulent activity and make online transactions...
Peso climbs after BSP decision
THE PESO appreciated against the dollar on Thursday after the Bangko Sentral ng Pilipinas (BSP) kept benchmark borrowing costs unchanged but signaled it would...
BSP proposes framework for merchant payment acceptance
THE CENTRAL BANK is looking to establish a regulatory framework for merchant payment acceptance activities for financial institutions looking to provide these services, a...
Yields on term deposits climb as offer goes undersubscribed
YIELD on the term deposit facility (TDF) of the Bangko Sentral ng Pilipinas (BSP) rose on Wednesday due to low demand ahead of the...
As inflation cools, Fed seen cutting rates in May
COOLING INFLATION will allow the US Federal Reserve to forgo any more interest rate hikes and indeed to start cutting rates by May, traders...
CBDCs to boost financial inclusion, cross-border payments — IMF
SINGAPORE — The International Monetary Fund (IMF) has underscored the importance of central bank digital currencies (CBDCs) in expanding financial inclusion and improving cross-border...
Peso rises as Fed seen done with hikes
THE PESO appreciated against the dollar on Wednesday due to expectations that the US Federal Reserve will pause at its next meeting after lower-than-expected...
Gov’t awards in full its reissued Treasury bonds
THE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) it offered on Tuesday at a higher average rate than its last...
Credit demand rises ahead of further growth, says TransUnion
DEMAND for credit has increased significantly so far this year and is expected to further improve, the top official of TransUnion Philippines said.
“We’re not...