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September 24, 2023

Pouch.ph introduces low-cost money transfer feature for PH to US Bank Transfers

Payment operator Pouch has launched its “Send Globally” feature, allowing customers in the Philippines, including expats, to make instant and cost-effective transfers from the Philippines to any US bank account.

This eliminates the need for physical bank visits and reducing transaction times to 0-3 days.

Pouch aims to enhance cross-border payments and promote financial inclusivity while leveraging the Bitcoin Lightning Network for fast and affordable transactions.


Three rural banks merge to enhance financial stability

Three rural banks have successfully merged in a move aimed at bolstering their financial stability, as confirmed by the Bangko Sentral ng Pilipinas (BSP). The merger officially took effect on July 13, following the necessary regulatory approvals, as detailed in a circular letter signed by Bankero and BSP Deputy Governor Chuchi G. Fonacier on September 15.

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