Gcash to Power Cashless Payments in Taxis
Gcash said the initiative is in support of the government’s implementation of more stringent health and safety measures amid the more lenient community quarantine in certain areas in the Philippines.
![Utilities [Meralco, PLDT, Globe, etc] Installment or Extension of Payments Due to COVID-19](https://bitpinas.com/wp-content/uploads/2020/05/Utilities-Meralco-PLDT-Globe-etc-Installment-or-Extension-of-Payments-Due-to-COVID-19-2-1-768x402.png "Utilities [Meralco, PLDT, Globe, etc] Installment or Extension of Payments Due to COVID-19 2")
Utilities [Meralco, PLDT, Globe, etc] Installment or Extension of Payments Due to COVID-19
Here are the advisories related to payment of utility bills during ECQ, GCQ, and MECQ in the Philippines.
SEC Notifies Lending Firms of Grace Period Extension During MECQ/GCQ
In view of the imposition of MECQ and GCQ in the country until May 31, 2020, the 30-day grace period for loan payments will be further extended to all loans with principal and/or interest falling due from March 17, 2020 to May 31, 2020.
SEC Instructs Lenders to Extend Grace Period on Loans as ECQ is Pushed Until May 15, 2020
The Securities and Exchange Commission (SEC) instructs financing companies, lending companies, and microfinance NGOs to extend the grace period applied on loans until May 15, 2020 as the enhanced community quarantine (ECQ) is also extended up to that date in key cities and provinces in the Philippines.
PH DOF Warns the Public Against “Bitcoin Lifestyle” Scam, Which Uses the President to Entice Individuals to Invest
The Department of Finance (DOF) warns the public of fake news circulating on the Internet claiming that the government created a platform where citizens can invest in cryptocurrency.
BSP: Soap Destroys Paper Bills, Wash Your Hands Instead
The logical thing to do here is to wash (or put disinfectant on) one’s hand before and after touching paper bills. However, there are reports of people washing or disinfecting the bills instead.
PDAX Announces Zero Cash-Out Fees via InstaPay and PESONet
Local cryptocurrency exchange PDAX said it is suspending cash-out fees for withdrawal requests made via InstaPay and PESONet starting from April 28, 2020 –
BSP Urges Bank To Make Sure they Can Meet Demand for Increased Digital Banking Transactions
Amid the current public health situation due to COVID-19, digital channels are more important than ever for the customer’s financial needs.
BSP Encourages Banks to Waive Fees on Interbank ATM Transactions
Banks are encouraged by the Bangko Sentral ng Pilipinas (BSP) to suspend fees on fund transfer services and interbank ATM Transactions.
BSP Bayanihan to Heal as One Act FAQs
How long is the grace period for loan payments due to ECQ? Are there interest charges during the quarantine? What about insurance fees during ECQ?