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21 Mar 2023
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BSP

No Local Bank Affected by Silicon Valley Silvergate Signature Bank Collapse Says BSP
News Regulation 

No Local Bank Affected by Silicon Valley, Silvergate, Signature Bank Collapse—BSP

18 Mar 202319 Mar 2023 Nath Cajuday 0 Comments BSP, philippines 3 min read

The BAP emphasized that the BSP’s prudential measures have enabled the Philippine banking system to withstand economic shocks.

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News Fintech 

Bangko Sentral Eyes Full Adoption of QR Ph by Start of Q3 2023

15 Mar 202316 Mar 2023 Shiela Bertillo 0 Comments BSP, philippines, Mamerto Tangonan, QR Ph 3 min read

As per the memorandum, payment services and financial institutions will be allowed to transition to the QR Ph until June 30, 2023

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Philippines Creates Interagency Committee to Combat Inflation
News Fintech 

Philippines Creates Interagency Committee to Combat Inflation

12 Mar 202313 Mar 2023 Shiela Bertillo 0 Comments BSP, philippines, Ferdinand Marcos Jr. 3 min read

Marcos Jr. approved the establishment of a high-level inter-agency advisory body called the Interagency Committee on Inflation and Market Outlook.

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PH Inflation Rate Eases to 8.6 Percent for Feb 2023
News Regulation 

MEDYO GOOD NEWS: PH Inflation Rate Eases to 8.6% for Feb 2023

11 Mar 202311 Mar 2023 Nath Cajuday 0 Comments BSP, philippines, Inflation 3 min read

PSA also highlighted that ‌food inflation at the national level slowed down to 11.1% in February 2023 from 11.2% in January 2023.

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BSP Governor Explores Eliminating Minimal Transfer Fees
News Fintech 

BSP Governor Explores Eliminating Minimal Transfer Fees

1 Mar 20236 Mar 2023 Shiela Bertillo 0 Comments BSP, Felipe Medalla 2 min read

BSP Gov. Medalla expressed that the current transaction fee worth ₱15 may still be too high for small transactions, particularly for the poor.

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BSP EMI Rules
News Fintech 

BSP Implements Stricter Rules for E-Money Amid Heightened Cybersecurity Risks

20 Feb 202321 Feb 2023 Nath Cajuday 0 Comments BSP, Manila 3 min read

The BSP has decided that electronic money issuers (EMIs) should be divided into two groups: banks and non-bank financial institutions.

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News Fintech 

Solon Wants Bangko Sentral to Impose Cap on Late Credit Card Fees

20 Feb 202321 Feb 2023 Nath Cajuday 0 Comments BSP, Joey Salceda, Manila 3 min read

Salceda cited that the accumulation of debts like this is dangerous for the country’s economy and for consumers.

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BSP Makes it Easier to Report Problems with Locally-Licensed Crypto Exchanges
News Regulation 

BSP Makes it Easier to Report Problems with Locally-Licensed Crypto Exchanges

16 Feb 202320 Feb 2023 Shiela Bertillo 0 Comments BSP, VASPs 2 min read

BSP said any customer can report local VASPs to the central if the company fails to address their concerns.

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News Fintech 

TO THE MOON? PH Inflation Rate Reaches 8.7% for January 2023, Highest Since 2008

11 Feb 202311 Feb 2023 Nath Cajuday 0 Comments BSP, Inflation 2 min read

The country’s inflation is at its highest ever since 2008 but the BSP is confident the levels will decrease by 2024.

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BitPinas-SEC-NEWS-1
News Regulation 

STRONGER FINANCIAL REGULATIONS: SEC Issues Draft To Impose Stricter Penalty vs Scammers, Ponzi Schemes

26 Jan 202330 Jan 2023 Shiela Bertillo 0 Comments BSP, SEC, Insurance Commission 4 min read

The draft aims to impose on scammers a fine of ₱50k to ₱10m for each investment fraud and at least ₱10k per day of continuing violation.

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