Rizal Commercial Banking Corp. (RCBC) said it will waive InstaPay fees for person-to-person fund transfers made through its digital banking apps starting July 4, joining a growing number of banks lowering the cost of digital transactions as competition in mobile banking intensifies.
PLDT, Smart Communications and DITO Telecommunity have signed a memorandum of understanding to share selected telecom infrastructure, a move the companies said could help expand network coverage and improve service reliability.
The Bangko Sentral ng Pilipinas (BSP) said its Project Agila pilot has shown that a distributed ledger-based wholesale central bank digital currency (wCBDC) platform can support interbank fund transfers beyond normal business hours, giving the central bank an early technical basis for using tokenized money in large-value payments.
The Bank of the Philippine Islands (BPI) will permanently waive fees for interbank fund transfers made through its digital banking platforms beginning July 1, becoming one of the first major banks to align with the Bangko Sentral ng Pilipinas' (BSP) latest push to make electronic payments more affordable.
The BSP said the amendments were prompted in part by the results of its Consumer Expectations Survey for the fourth quarter of 2025, which found that one in three Filipino consumers cited high transaction fees as a major barrier to using digital payments more frequently.
Globe Telecom has launched Starlink's satellite-to-mobile service in the Philippines after receiving approval from the National Telecommunications Commission (NTC), making it the first local telecommunications provider authorized to commercially offer direct-to-device satellite connectivity.
The Securities and Exchange Commission (SEC) has revoked the corporate registration and lending license of Delisha Lending Investor and Trading Corp. after finding that the company operated several undisclosed online lending applications and repeatedly failed to comply with regulatory requirements.
Mynt, the fintech company behind GCash, has received authorization from its board of directors and shareholders to pursue a potential initial public offering (IPO) on the Philippine Stock Exchange (PSE), a move that could pave the way for what analysts expect could become the largest stock market debut in Philippine history.
The Securities and Exchange Commission (SEC) has released for public comment a revised set of draft rules that would lift the moratorium on the registration of online lending platforms (OLPs) while imposing higher capital requirements and tighter consumer protection measures on financing and lending companies.
According to the Customer Xperience Association of the Philippines (CXAP), AI adoption is contributing to the emergence of new services and job categories across the industry.
