digital banking

PH banking system deposits breach P20T

Total deposits in the Philippine banking system crossed the P20-trillion mark in 2024 on the…

BIZ BUZZ: CIMB expands

With the volume of digital payments in the Philippines “skyrocketing”—as Fitch Solutions subsidiary BMI Country…

Bank reserves ratio going down by 200 bp  

The Bangko Sentral ng Pilipinas (BSP) on Friday announced another supersized cut to the reserve…

MUFG buy-in deal jacks up Gcash valuation to $5B

MUFG Bank Ltd., Japan’s largest bank, has completed the acquisition of an 8-percent stake in…

Globe, GoTyme team up to boost cybersecurity

Globe Telecom Inc. and GoTyme Bank are teaming up for data-sharing initiatives in a bid…

BSP: 4 firms interested in digital banking license

The Bangko Sentral ng Pilipinas (BSP) said there are two foreign banks that have expressed…

UnionBank delivered P12-B net income in 2024

Aboitiz-led Union Bank of the Philippines (UnionBank) booked a 31-percent surge in its 2024 earnings…

BSP eyes PH shift to coin-lite society

The Bangko Sentral ng Pilipinas (BSP) will double down on its efforts to promote digital…

Competition heating up in e-money industry, says BMI research

Competition in the local financial technology space is seen to heat up following the lifting…

BSP to liberalize e-money issuance

The Bangko Sentral ng Pilipinas (BSP) is now ready to welcome more nonbank electronic money…