To democratize access to 5G technology, PLDT-owned mobile operator Smart Communications has teamed up with Chinese tech firm ZTE to exclusively offer the Smart ZTE Blade A75 5G, its most affordable 5G device for P5,450.
The Bangko Sentral ng Pilipinas (BSP) and the Department of Labor and Employment (DOLE) are encouraging leaders of the labor and employer sectors to promote the use of safe and efficient digital wage payments.
The Bangko Sentral ng Pilipinas (BSP) has approved the lifting of the moratorium on the grant of new digital banking licenses starting Jan. 1 2025 and allowed a maximum of ten digital banks to operate in the country.
Department of Finance secretart Ralph Recto asserted that information technology should be deployed as liberation technology that makes the life of taxpayers easier, as complex payment processes discourage tax obedience.
DigiCo, a digital entity owned by businesses led by local tycoon Manuel V. Pangilinan, announced on Monday, July 29, its execution of separate agreements to acquire a 10% interest in Bayad Center and 100% of Multipay Corporation.
Online tax compliance platform Taxumo has released its 2024 State of Online Taxation report, highlighting the result that millennials continue to dominate as taxpayers although Gen Zs are catching up.
The share of digital payment transactions to total monthly retail payments in the Philippines grew from 42.1 percent in 2022 to 52.8 percent in 2023, according to the 2023 Report on E-Payments Measurement of the Bangko Sentral ng Pilipinas (BSP).
As such, the company has dropped its “digital bank” description in its marketing collaterals to convey the message that it is now a full-fledged bank performing its functions in a digital platform.
The Bureau of Internal Revenue (BIR) has imposed a withholding tax on online sellers but postponed the collection of a similar tax from digital financial service providers.
