Business IT

The BSP and several payments industry players also launched a program called QR PH, which is eyed not only to increase e-payments, but also to secure payment transactions.

BSP governor Benjamin Diokno said the use of QR codes is safer than bringing cash since people are less vulnerable to theft and counterfeit money.

First introduced in 2012, setting of branch appointments in advance with BPI Online gives clients the freedom to transact at their preferred branch and time.

The BPO firm is not slowing down its plans to expand their operations in the country.

As of now, PayMaya is not charging any transaction fees for the service until further notice.

The ADB also noted that purely digital banks have also started operating but regulations are still currently using the traditional models.

SK Telecom, which launched the world’s first commercial 5G, is transferring Korea’s 5G technologies to the Philippines and will also export 5G B2B or business-to-business solutions to the country via Now Corp.

The Ayala-owned bank has launched its digital ecosystem, which has two components -- Open Banking and BPI Digital Platforms.

Spanning 14,000 kilometers, the new undersea fiber will connect to PLDT’s cable landing station in Daet, Camarines Norte and will provide additional capacity of more than 22Tbps from the Philippines directly to and from Japan, and 17.6Tbps to the West Coast in the US.

Globe will provide free Wi-Fi access via GoWiFi to 27 barangay health centers, inside the Makati City Hall and University of Makati as part of the memorandum of agreement.