Philippines’ Sen. Grace Poe is turning to the country’s central bank to request that it help appeal to financial institutions to lower digital and eWallet fees as one way to assist the many people in the country that rely on these services but have not...
Bangko Sentral ng Pilipinas Governor Benjamin Diokno on Thursday (Aug. 19) announced that the country’s central bank would stop accepting digital banking applications on Sept. 1 to allow regulators “to monitor” the industry. “We need to ensure that the business environment continues to allow healthy...
The Philippines central bank is now considering creating its own central bank digital currency (CDBC), it said during a virtual meeting, having formed a committee to address the issue, Bloomberg reported. The bank, called Bangko Sentral ng Pilipinas or BSP, will look at the feasibility...
Wirecard, the embattled Germany payment services company, said Thursday (June 25) it was filing for insolvency. The decision comes less than a week after auditors disclosed $2.1 billion of supposed deposits were missing from two Philippines banks. Shares have fallen by more than 90 percent...
July 01, 2024
The Bank for International Settlements (BIS) wants to expand the world’s largest instant payment system (IPS). BIS announced Monday (July 1), that it had completed the blueprint for the third phase of its Project Nexus, aimed at connecting the instant payment systems of several central banks. In phase four of that project, those banks — […]
February 18, 2022
Philippines’ Sen. Grace Poe is turning to the country’s central bank to request that it help appeal to financial institutions to lower digital and eWallet fees as one way to...
August 19, 2021
Bangko Sentral ng Pilipinas Governor Benjamin Diokno on Thursday (Aug. 19) announced that the country’s central bank would stop accepting digital banking applications on Sept. 1 to allow regulators “to...
July 29, 2020
The Philippines central bank is now considering creating its own central bank digital currency (CDBC), it said during a virtual meeting, having formed a committee to address the issue, Bloomberg...
