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.
Cignal TV and Meralco unit Radius Telecoms have formally announced a partnership to form RED Broadband, which aims to offer “the latest unlimited fiber broadband and pay-TV service” in the country.
The local telcos were ordered to provide the NTC every six hours with updates on restoration activities of their respective networks and facilities, as well as a timeline for the full restoration of services.
The Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI) has revised slightly upwards its industry growth outlook for this year but is still in negative territory to reflect the impact of the Covid-19 pandemic.
DTI undersecretary for consumer protection group Ruth Castelo reported that 6,907 of the total 14,869 online purchase-related complaints from January to October this year were against shopping apps Lazada and Shopee.
Customer-company interactions have changed in the New Normal. As we become more reliant on digital solutions for our everyday transactions, how have companies such as banks adapted?
