The SEC will lift its five-year moratorium on new online lending platforms on August 1, introducing a new regulatory framework that sets disclosure, capital, and consumer protection requirements for digital lenders.
The BSP has directed banks and other supervised financial institutions to upgrade their cybersecurity frameworks, warning that advanced AI systems can automate sophisticated cyberattacks and exploit software vulnerabilities.
The service enables eligible employees of Chinabank’s payroll partner companies to make multiple salary withdrawals within a payroll period through a mobile app.
The pricing updates follow regulatory adjustments directed by the Bangko Sentral ng Pilipinas (BSP) regarding electronic payment pricing.
PSBank’s decision follows a sequence of digital transfer fee adjustments by local commercial and state-run banking institutions.
The new policy replaces Metrobank’s previous reduced rate of ₱8 for InstaPay and ₱50 for PESONet transactions.
Under the update, depositors will incur ₱0 charges for electronic fund transfers across both local retail networks.
Several Philippine banks and e-wallets have reduced or eliminated InstaPay and PESONet transfer fees following new BSP pricing rules. Here’s the latest list of institutions offering free and lower-cost transfers.
PSE President Ramon Monzon said the exchange will strengthen its retail strategy by reviewing agent rules and margin trading policies as it prepares to compete with the growing cryptocurrency market.
LANDBANK’s policy adjustments conform to BSP Circular No. 1238, which lifted a five-year moratorium on electronic fund transfer pricing to allow market-based transaction structures.
