Central Bank Speaks on National ID or PhilSys ID NATIONAL ID – Bangko Sentral ng Pilipinas (BSP) said that the Philippine Identification System (PhilSys) ID is valid and sufficient proof of identity. Under the current administration, one of those pushed is the national ID for the Filipinos to boost the accessibility of the people for … Read more
Photo of P500 Bill with Ferdinand Marcos Sr.’s Face Circulate Online P500 BILL WITH FERDINAND MARCOS SR – Bangko Sentral ng Pilipinas (BSP) released a statement regarding this photo circulating online. Currently, there are a lot of untruthful things circulating online and some entities, groups, and even private individuals are taking moves on clarifying these … Read more
BSP Speaks on Role of Digital Bank on PH Recovery DIGITAL BANKS – Bangko Sentral ng Pilipinas (BSP) spoke on the benefits of having digital banks in the country amid the crisis now. The impact of the COVID-19 pandemic has greatly affected the different fields and industries in the Philippines. Its effects are felt even … Read more
BSP Grants PayMaya A Digital Bank License PAYMAYA – The Voyager Innovations was granted a digital bank license by Bangko Sentral ng Pilipinas (BSP). Undeniably, even the essential companies, establishments, and businesses in the Philippines were affected by the COVID-19 pandemic. Although they are usually allowed to operate even under strict lockdown measures, there are … Read more
BSP Speaks About Online Offers of “Brilliant Uncirculated 20-Piso Coins” BSP – Bangko Sentral ng Pilipinas warned the public about the “Brilliant Uncirculated 20-Piso Coins” that are being sold online. Despite the presence of online or digital currencies now, bank notes and coins remain to be the ones used in purchases and most financial transactions … Read more
BSP Announces Growth on BSP Remittances BSP – Bangko Sentral ng Pilipinas gave an update on the remittances of the overseas Filipino workers (OFWs) amid the COVID-19 crisis. A lot of Filipinos flew abroad to work. Truths be told that many want to seek greener pastures abroad so they can give their families a comfortable … Read more
RCBC Eyes To Operate in Online Platforms RCBC – The Rizal Commercial Banking Corp. admitted that they are planning to secure a digital banking license from Bangko Sentral ng Pilipinas (BSP). There are a lot of huge banking companies in the Philippines. One of them is Rizal Commercial Banking Corporation or more commonly called as … Read more
UNObank Granted Digital Banking License to Operate in PH UNOBANK – The Central Bank of the Philippines has granted UNObank a digital banking license to operate in the country and it will launch services soon. More and more banks are emerging in the Philippines. Some of these have headquarters abroad and wanted to expand and … Read more
Central Bank Believes US Will Keep Interest Rates Low CENTRAL BANK – Bangko Sentral ng Pilipinas spoke on the capacity of the Philippines in case the United States (U.S.) would increase the interest rates. Countries are interconnect. The changes in a certain nation may not only affect its people but as well as other countries … Read more
Update on Bangko Sentral Digital Transformation Goal BANGKO SENTRAL – The Central Bank of the Philippines is eyeing the digital payment for sari-sari stores, tricycle drivers, and others in the micro and informal levels. Aside from using cash, there is another mode of payment that is widely-used nowadays – digital payments. Truths be told that … Read more