Friday, September 22, 2023
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digital payments

House bills on digital payments, use of e-money hurdle committee level

The House Committee on Banks and Financial Intermediaries chaired by Manila representative Irwin Tieng approved on Tuesday, Feb. 14, two bills seeking to promote the adoption of digital payments for financial transactions.

Digital payments in PH reached 30% in 2021, says BSP

The value of digital payments in the country, meanwhile, represented 44.1 percent of total retail payments in 2021, up from the 26.8 percent recorded a year earlier.

EGov Pay transactions grew 467% in 2021, says BSP

The use of EGov Pay, a system that allows digital payment for government services, jumped by 467 percent to over 91,000 transactions at end-2021 from around 16,000 transactions a year earlier, according to the Bangko Sentral ng Pilipinas (BSP).

Registry for cash agents launched to promote financial inclusion, digital payments

The Bangko Sentral ng Pilipinas (BSP) and the Alliance for Financial Inclusion (AFI) have jointly launched the “Agent Registry for Cash Agents”, a project that seeks to reinforce the BSP’s twin goals of financial inclusion and payments digitalization.

SC launches online payment for small claims cases

All first-level courts nationwide can now accept payments for small claims through the Fortune Pay mobile app.

BSP halts operations of Lyka, orders registration as payment firm

BSP governor Benjamin Diokno said Lyka executives have expressed their willingness to register the company with the central bank.

DBP inks tie-up with PayMaya to transform countryside with digital payments

With the initiative, DBP will now be able to provide PayMaya's end-to-end digital payment solutions to its partners in the public sector.

Digital transactions soar in PH as Pinoys turn to e-payment amid Covid-19 crisis

The BSP said a turning point in the country’s digital transformation journey is the National QR Code Standard or QR PH, which leverages on the efficiency and affordability of the QR technology.

Payment firm JustPayto taps MultiSys to expand online services

Through the partnership, JustPayto users will offer an array of payment options via Visa or Mastercard, bank transfer, over-the-counter, or other e-money services.

BSP received 20,000 financial cybercrime complaints last year

The BSP said around 13 percent of the complaints involved fraudulent or unauthorized transactions of various financial products and services like deposit, credit card, electronic money, and remittance.
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