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  • 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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  • Financial inclusion reaches nearly 90% of target –BSP

    June 30, 2017

    Almost 90 percent of cities and municipalities in the country have been reached by financial services as of last year, the central bank said, citing its progress in financial inclusion. “We are proud to say that by the end of 2016, close to 90...

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  • Filipino savers are rising – BSP

    March 26, 2017

    More Filipino households are able to save money, but how much is being put aside as contingent funds or even for future businesses and retirement varies depending on income. Based on the Bangko Sentral ng Pilipinas’ (BSP) first quarter Consumer...

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