Technology News From The Philippines
Local telcos Globe Telecom and Smart Communications have released an update on their infrastructure rollout, a few months after the government reduced the number of days and requirements for building cellular sites.
Companies across industries are reimagining everything they used to know and are rebuilding their operations.
Of the intellectual property violations this year, IPOPHL said 79 were operating online – 53 from Facebook, seven from Shopee, six from Lazada, three from YouTube, and one each from Carousell, Instagram, and Vineyard.
The Bangko Sentral ng Pilipinas (BSP) has approved the recognition of digital bank as a new bank category that is separate and distinct from existing bank classifications.
BSP governor Benjamin Diokno said that if the multiple daily clearing of PesoNet transactions works smoothly, then the central bank will allow clearing for these transactions on weekends and holidays.
Digital bank ING Philippines announced on Tuesday, Nov. 24, the launch of its payment account “ING Pay” that is designed to make digital payments more convenient and secure.
Suspicious transaction reports (STRs) submissions by electronic money issuers (EMIs) rose by 688 percent, while submissions by pawnshops and money service businesses (MSBs) increased by 51 percent.
The revenue outlook for the IT-BPM industry at end-2020 is at $26 billion, while full-time employment will remain at 1.3 million.
