BSP Mandates Phase-Out of SMS OTPs by June 2026 Under Anti-Scamming Act
The policy mandates financial institutions to adopt more secure, modern authentication methods to protect consumers from the rising tide of account takeover scams.
Maya Black Wins 2 Silver Anvils as Digital Bank Expands Credit Push
The awards, organized by the Public Relations Society of the Philippines, recognized the campaign in the categories “Best Use of Influencers” and “Launch Event”.
BSP to Release Shortlist for 4 New Digital Bank Licensees in Q1 2026; Eyes Foreign Players
BSP is set to announce the shortlist for four new digital bank licenses, spotlighting firms with bold, tech-driven models and strong foreign backing.
For Three Consecutive Years: Maya Bags ‘Best Digital Bank’ Award
The award was given by by The Digital Banker during the Global Retail Banking Innovation Awards 2025.
New CMEPA Law Ends Tax Breaks on Long-term Savings, Imposes 20% Flat Rate
Banks are now imposing a uniform 20% tax on all interest income from deposits, ending exemptions on long-term savings under the new CMEPA law.
OwnBank Shifts to Digital, Phases Out Cash Transactions
OwnBank is phasing out cash transactions, with all other app features remain operational.