Philippines
Chart of the Week: Telcos are devouring the Philippine e-payments market
Banks are losing market share as a result.
Chart of the Week: Telcos are devouring the Philippine e-payments market
Banks are losing market share as a result.
Philippine banks to roll out electronic fund transfer by end-November
The government aims to boost cashless transactions from 1% to 20% by 2020.
Union Bank of the Philippines' Edwin R. Bautista discusses their massive API sandbox
With the number of API calls ballooning twentyfold in 2017, could it be the biggest API platform in Asia?
Philippine rural banks remain flush with money despite back-to-back branch closures
The sector’s assets rose 8.3% to $4.02b as of end-March.
Philippine Veterans Bank moves to digitise consumer operations
It has tapped on solutions provider Fiserv Inc.
The ARK: UnionBank's take on the future of branch banking
A branch with no bank tellers, no long lines, and completely paperless, The ARK pushes the frontiers of digitalising the country’s banking industry.
Former HSBC Philippines CEO Jose Arnulfo Veloso to be appointed as PNB chief
He will replace Reynaldo Maclang who’s retiring by November.
Philippine big banks half-year profits up 7.7% to $1.45b
The combined assets of the banking sector also hit $301.58b.
The Philippines steps up rural bank shutdowns
A total of 10 smaller banks were closed in 2018 alone.
HSBC Philippines to enable corporate clients to deposit payroll in local banks
Employees will be able to choose which bank to go to receive their salaries.
Foreign Islamic banks may soon be able to set up shop in the Philippines
A bill seeking to organise such lenders has passed committee level.
Philippines' BPI rolls out premier credit card
Cardholders can buy foreign currencies from the bank even without a savings account.
Bloated corporate loan books drag down Philippine banks
The retail loan segment offers a way to diversify their lending.
Philippine banking assets up 12.2% to $292.95b in May
A surge in deposits drove banking gains.
Nine Philippine banks onboard electronic fund transfer system InstaPay
Around 18 more lenders are expected to use the platform by October.
Philippine banks tie up with Bank of China to launch peso-renminbi spot market
Individuals can soon change renminbi into peso and vice versa.
China Bank to open 10 more branches before year ends
The bank has reportedly set aside as much as $186,000 per branch.
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Technology to underpin future of financial services
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Banking Technology
Banks should boost their online infrastructure as digital assets become the norm.
Banks should boost their online infrastructure as digital assets become the norm.
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