All News and Announcements
CIMB Bank Philippines Collaborates With Zoloz to Strengthen Its Digital Banking Services with Advanced eKYC Solution
Under the terms of the agreement, CIMB Bank Philippines will leverage Zoloz's eKYC solution for frictionless user onboarding and enhanced payment experience, making financial services more accessible and inclusive to Filipinos.
The Philippines Enhances National Strategy for Financial Inclusion
The refreshed six-year-old National Strategy for Financial Inclusion is meant to make it more current and to reflect the impact of the COVID-19 pandemic and greater digitalization of financial services.
Digital Banking Spurs Financial Inclusion in Philippines
Bangko Sentral ng Pilipinas Governor Benjamin Diokno said the establishment of a digital banking framework is particularly relevant as billions of people affected by the pandemic are driving a historic and dramatic shift in consumer behavior.
Bangko Sentral ng Pilipinas and French Agency Tie up to Boost Financial Inclusion in the Philippines
The grant from the French Development Agency is expected to enhance the BSP’s initiatives to empower marginalized sectors in the Philippines by providing them access to financial products and services.
Western Union Launches Digital Money Transfer Services with Cebuana Lhuillier in the Philippines
Expanded collaboration will offer outbound and inbound money transfer services through Cebuana Lhuillier mobile app.
Philippines: House Panel OKs Bill Promoting Rural Financial Inclusion
The measure will promote financial inclusion and literacy especially to those living in rural and underdeveloped areas to ensure equitable access to financial technology.
Philippines: QR Code Transactions Near P1 Billion
The value of transactions using the QR (quick response) technology via the national QR code standard reached almost P1 billion as of end-May, as more Filipinos embrace digital channels amid the pandemic.
Philippines: Microfinance, Micro-entrepreneurs to Gain From National ID System
The system's online authentication and e-KYC will enable a more seamless digital onboarding, making it easier for clients to open an account.
COVID-19 Loans for MSMEs Reach PHP 4.3 Billion
The loans approved under the COVID-19 Assistance to Restart Enterprises program is said to have benefited 29,816 enterprises in the Philippines.