Showing 1 - 10 of 28
News

ADB Loan To Boost Financial Inclusion in the Philippines

"COVID-19 has underscored how important digital systems and contactless transactions are for economic resilience."

News

Overseas Filipino Worker Remittances May Drop by $5 Billion This Year

Latest data from the Bangko Sentral ng Pilipinas (BSP) showed cash remittances coursed through banks declined by 6.4 percent to $11.55 billion from January to May compared to $12.35 billion in the same period last year.

News

Drop in Remittances to Hurt Consumption in Philippines

Moody’s said the fall in remittances could further widen the current account deficit of the Philippines and other countries.

News

Western Union Expands Presence in the Philippines With Tie Up

This tie up highlights Western Union’s efforts to strengthen presence in the Philippines, which has been recognized as the fourth-largest remittance recipient country in 2019 according to the World Bank.

News

COVID-19 Impact: Digital Payments Soar in Philippines

Payment platform GCash witnessed a sharp increase in the number of registered users since mid-March.

News

Philippines: ADB Grants MFI-NGO $30-M Credit Facility for Micro-Entrepreneurs

The first tranche of the credit facility amounting to $10 million will extend loans to over 25,000 women-entrepreneurs owning small businesses, which suffer from the economic impact of the (COVID-19) pandemic. 

News

DBP Eyes More Tie-Ups With Financial Firms to Push for Financial Inclusion

STATE-run Development Bank of the Philippines will forge ahead with its financial inclusion initiatives this year by tapping financial technology companies, non-bank financial institutions, as well as rural banks.

News

Grameen Foundation, J.P. Morgan Deliver COVID-19 Relief in the Philippines

Supported by J.P. Morgan, the program will provide immediate relief and longer-term recovery support to 3,500 women entrepreneurs running microenterprises.

News

Overseas Filipino Workers in UAE Can Now Send Money Home for Free, Thanks to Gcash-Denarii Cash Tie-Up

Both Denarii Cash and GCash share the same commitment of offering convenient and affordable financial services to Filipinos.

News

Philippines: Consumers Shopping, Banking From Home Warned vs Rash of Digital Payment Fraud, Hacking

While the COVID-19 pandemic has increased usage of digital payments, there has been an observed increase in attempts at scams and financial crimes.