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It’s a milestone for the Philippine operations of a Singapore-based neobank.
The Bangko Sentral ng Pilipinas (BSP) has received numerous applications for a digital bank license, but for the first time, it has granted one to a purely digital bank in the country. Tonik, a 100 percent digital-only bank whose holding company is based ...
 
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Some will restore the fees on Oct. 1.
Some banks will extend free transfers using InstaPay and PesoNet to Dec. 31, from Sept. 30 as originally announced, according to separate advisories.Among them, Metrobank and RCBC. Earlier, Bank of the Philippine Islands, GCash and PayMaya said they would charge customers for ...
 
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Affected clients are those accessing the app through iPhone.
Clients of BDO have reported they are still unable to access the bank’s mobile app a day after the company said it had already updated to a current version compatible with Apple’s latest iOS.Also read: Presidents Gone Wild The hashtag #bdoonlinebanking was trending on ...
 
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It might be worth much more than P1,000.
UPDATE (30 September 2020): The Bangko Sentral ng Pilipinas replied to Esquire Philippines' query and said the image on Wikipedia is not legal tender. "Upon verification by the Bangko Sentral ng Pilipinas (BSP), the 1000-Piso banknote with the alleged misspelled middle name of ...
 
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Michelle Dee was crowned as the new Miss World Philippines last September 15th.
Last Sunday evening, fresh-faced 24-year-old Michelle Dee was crowned the new Miss World Philippines. She bested 39 contestants vying for the title. The newly minted pageant queen has more than just good looks though; she is a staunch advocate for autism awareness ...
 
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Congress is set to look into the BSP's lifting of a ban on ATM fee hikes.
There's nothing more satisfying than checking your bank account and seeing your hard-earned cash, except maybe actually being able to withdraw it. Long lines at ATMs are nothing new—especially on paydays—and sometimes it's just more convenient to use a different bank's machine ...
 
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What’s the use of having lots of money if you don’t know how to handle it?
According to the latest Wealth Report from real estate consultancy Knight Frank, there were over 24,100 individuals in the Philippines whose net worth was at least $1 million (P52.7 million) in 2018. That number shrinks to 215 when you only count ultra ...
 
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The Philippines still has a low savings rate.
The average bank balance of most Filipinos is less than P5,000.The Bangko Sentral ng Pilipinas (BSP)'s latest report (2017) on the State of Financial Inclusion shows 62 percent of all deposit account holders in the country only keep P5,000 and below in ...
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