BSP bags award for payment innovation

The Bangko Sentral ng Pilipinas (BSP) recently received an international award for its innovative use of ISO 20022 global standards to further improve the safety and efficiency of the Peso real-time gross settlement (RTGS) payment system.

Landbank expands prepaid card services

About 10 million beneficiaries under the Conditional Cash Transfer (CCT) and Unconditional Cash Transfer (UCT) programs of the Department of Social Welfare and Development (DSWD) now have wider access to array of banking services, through their upgraded prepaid cards from state-run Land Bank of the Philippines led by bankero Cecilia Borromeo.

RCBC doubles bond program to P200B

Rizal Commercial Banking Corp. (RCBC) headed by bankero Eugene Acevedo has doubled its peso bond and commercial paper program to P200 billion from P100 billion in its bid to raise funds to support asset growth and refinance maturing liabilities.

UnionBank to double digital customers to 2M

Union Bank of the Philippines led by bankero Edwin Bautista is looking at doubling the number of digital customers to two million by the end of the year from about one million.

CMDC caps accomplishments with first-ever PHL fully digitalized bond float

The Capital Market Development Council (CMDC) has capped its array of accomplishments under the Duterte administration with the successful issuance of the Philippines’ first-ever digital corporate bond using block chain technology, along with several initiatives to digitalize transactions and make them easier and more convenient for small investors to further expand their participation in the domestic capital market.