• InstaPay transactions surge sevenfold

    October 26, 2018

    USAGE OF THE central bank’s InstaPay platform has surged sevenfold as of September from the initial volumes when the platform for real-time interbank transfers was launched earlier this year. Latest available data from the Bangko Sentral ng...

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  • Philippines tops Asia on financial inclusion list

    September 19, 2017

    THE PHILIPPINES remains Asia’s leader in financial inclusion due to policies supportive of wider banking access, the Brookings Institution said in a report, even as the country slipped a rung from its rank a year ago. The Philippines also...

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  • Banks extend more loans to small businesses

    August 01, 2017

    The Philippine banking system handed out P13.226 billion in microfinance loans as of end-March, surging by 23.1% from the P10.747 billion granted as of the first quarter of 2016, according to data from the Bangko Sentral ng Pilipinas (BSP). Banks...

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