Day: March 29, 2022

BSP crafting rules for digital marketplace in PH

The BSP said it is crafting rules that will allow banks and e-wallet firms to establish a digital marketplace where they can partner with financial service providers to offer of financial products and services under a one-stop-shop platform.

SEC issues stoppage order against 6 online lenders

In an order issued March 22, the SEC directed PesoKwento, Pondo Cash, TBAG, Cash Sky, Loan Cash, and East Cash to immediately cease and desist from engaging in any lending activity until they have incorporated and secured the requisite authorization from the agency.

Ping asks BOC: ‘Why are you not interested to automate?’

Sen. Panfilo “Ping” Lacson said during a hearing that he offered in 2018 to help the Bureau of Customs look for additional sources of funds to augment its budget for automation projections officials then seem to be not interested.

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