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BSP

PhilPass Fund Transfers Remain Free Until 2021

Bangko Sentral ng Pilipinas

The Bangko Sentral ng Pilipinas (BSP) has further extended the suspension of fees for every fund transfer transaction made through the Philipine Payment and Settlement …

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BSP to Publicly Disclose Erring Banks and Financial Institutions

Bangko Sentral ng Pilipinas

To promote transparency and market discipline and deter banks from misbehaving and protect the public interest, the Bangko Sentral ng Pilipinas is planning to make …

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BSP Launches Enhanced PH Banknotes

new BSP banknotes

The Bangko Sentral ng Pilipinas has recently launched a set of enhanced banknotes under the New Generation Currency (NGC) series, with an improved design and …

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Free Fund Transfer, Extended Until September

bank transfer

While the country continuously battles the pandemic, several banks have agreed to extend the waiver on fund transfer fees in a bid to help the …

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BSP to Release Implementing Guidelines for National Payment Systems

payment systems

Recognizing the important role of payment systems in a stable financial system and in realizing monetary policy objectives, the Bangko Sentral ng Pilipinas (BSP) will …

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Dollar Remittances Reach $2.75B in January 2019

dollar remittance

The Bangko Sentral ng Pilipinas (BSP) records a slight increase in the amount of dollar remittances from Filipinos abroad in January 2019, as compared to …

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More e-Payment Services in the PH After BSP Streamlines Licensing Policies

electronic payment

Aiming to promote digital innovations and to increase the availability of safer and more efficient channels for delivering banking, payment, remittance, investment, and other financial …

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OFW Remittances Hit Record-High at $2.8B

DOLLAR

December 2018 saw a surge in the cash remittance from overseas Filipino workers (OFW). As such, the country hit a full-year growth outpacing Bangko Sentral …

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Philippines, Slightly Less ‘Unbanked’ as More Filipinos Now Have Deposit Accounts

bsp facade

More Filipinos are now part of the country’s formal financial system as more citizens get to open their own bank accounts. Bangko Sentral ng Pilipinas …

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BSP’s Basic Account Framework Allows Clients To Open Bank Accounts With Less Than P100

Bank Account

In the Philippines, 70% of the people who are of age do not have a bank account. Majority of people, even if they do have …

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BSP To Approve Accredited Companies To Operate Virtual Currency Exchanges

Virtual Currency

In response to the growing number of Bitcoin investors after it rose to an all-time high this year, the Bank Sentral ng Pilipinas (BSP) is …

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Newly Enhanced Banknotes Circulated By BSP

NGC 1

Last week, the central bank released a newly designed P5 coin that was circulated last December 1 to commemorate the 154th anniversary of Andres Bonifacio. …

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Metrobank Receives Sanctions From BSP Over P1.75-B Internal Fraud

Metrobank Image

In July, the second largest bank in the Philippines, Metrobank, reported a massive internal fraud that caused the bank P1.75 billion. Metrobank filed charges against …

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BSP Releases New 100 Banknotes

100 peso bill

Several months ago, Senator Aquilino “Koko” Pimentel urged the Bangko Sentral ng Pilipinas to explain why the 1000 and 100 peso bills looked so much …

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BSP Sets New Regulations on Marketing of Financial Products

BSP-building

Due to the complexity of financial products being offered in the market, BSP has issued new rules for its supervised financial institutions to prevent clients …

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FEATURED STORIES

The Story Behind The Trending Birria Taco In Tondo That Sells Over 100 Kilos Of Beef Daily

The Story Behind The Trending Birria Taco In Tondo That Sells Over 100 Kilos Of Beef Daily

Barbie Forteza Recalls Her Mother’s Yema Business and Her Father’s Work As Tricycle Driver

Barbie Forteza Recalls Her Mother’s Yema Business and Her Father’s Work As Tricycle Driver

Nadine Lustre On Building Her Online Businesses: ‘It’s An Extension Of Myself’

Nadine Lustre On Building Her Online Businesses: ‘It’s An Extension Of Myself’

AJ Dee Recalls Selling Longganisa In Norway Until Finding Success In Men’s Clothing Business

AJ Dee Recalls Selling Longganisa In Norway Until Finding Success In Men’s Clothing Business

Inside Nico Bolzico And Erwan Heussaff’s Kitchen And Deli House, Chingolo Deli

Inside Nico Bolzico And Erwan Heussaff’s Kitchen And Deli House, Chingolo Deli

David Licauco Juggles Managing 4 Food Businesses And A Construction Company While Being An Actor

David Licauco Juggles Managing 4 Food Businesses And A Construction Company While Being An Actor

Glaiza De Castro And Husband Open Cafe And Bed & Breakfast Business In Baler

Glaiza De Castro And Husband Open Cafe And Bed & Breakfast Business In Baler

Arci Muñoz Ventures Into Business By Selling Official BT21 Merchandise

Arci Muñoz Ventures Into Business By Selling Official BT21 Merchandise

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