Business IT

By making payments and transactions more convenient, digitalization reduces the costs of production and distribution for businesses, the BSP said.

The SEC has cancelled the license of Fynamics, which operates online lending platform Pondo Peso for its repeated failure to comply with reportorial requirements.

Electronic products had total earnings of $3.71 billion, which accounted for 59.2 percent of the total exports during the period.

By adapting to the new work environments required in the Covid-19 era, business process outsourcing company iQor said it has continued to recruit employees in Iloilo to provide customer service for global clients.

GGives also allows qualified users to pay for big-ticket items as much as P25,000 on installments for as long as 12 months.

With Covid cases surging in NCR, Globe is encouraging the use of digital channels as it informs its customers of service response slowdown.

The Open Finance model assigns greater control to customers over their own data, enabling them to allow third-party providers access to their data across multiple financial products and services.

Socio-economic Planning secretary Karl Chua cited the importance of easing the restrictions on foreign ownerships, especially telecom and transport, that would help the Philippines attract more investments and create more and better jobs that are crucial to accelerating the country’s economic recovery.

PayMaya also said an added layer of security to the app is its real-time transaction history feature that enables users to track their transactions as it happens.

The Afni-exclusive tower is over 12,000 square meters, four floors high, and set to be home to more than 3,000 employees.