More articles about: Philippine banking

A number of major banks in the Philippines saw improvements in their financial performances in the first half of the year. These are driven by the stronger reception of their core businesses and services, including consumer loans.Leading the charge is BDO ...

Severe flooding brought by Typhoon Carina, enhanced by the southwest monsoon, has forced several companies and businesses to temporarily shut down operations. These include major financial institutions, which have shortened their operating hours in the aftermath of the typhoon.A total of ...

The UnionBank of the Philippines (UnionBank) has started the process of migrating Citi accounts to its system. This means credit card holders could expect their existing Citi cards to be replaced with UnionBank-branded cards. But it appears consumers are experiencing delays ...

Rizal Commercial Banking Corporation (RCBC) has entered into an alliance with Starlink to expand its digital services available in more rural areas. According to the bank, one-fourth of its more than 6,000-strong network of RCBC ATM Go agents is ...

Tycoon Frederick Dy-owned Security Bank Corporation has entered into an alliance with Lazada Philippines, one of the biggest e-commerce platforms in the country, to extend its offerings to online shoppers. Through the partnership, Lazada users can browse and check out ...

Financial technology startup Elevate has raised additional funding worth $5 million (almost P293 million) to expand its operations and cater to more freelancers in the Philippines. The platform simplifies the process for self-employed workers to receive payments in U.S. dollars ( ...

Sending money to their families will soon become easier for Filipinos abroad with a new online banking service exclusively for overseas workers. The state-run Land Bank of the Philippines announced the launch of its GoBayani Savings, a digital deposit account that ...

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, ...