Fintechnews.PH picks every Friday for you the top 5 Fintech Philippines News of the week:
Here we go:
BSP launches payments system PESONet
The central bank launched on Wednesday its electronic fund transfer (EFT) payments system which would enable individuals to digitally transfer funds to any bank in the network within the same banking day. (Read more)
Philippines poised for shift to cashless payments
A young population and a fast-growing economy will help the Philippines shift to cashless transactions, a digital payment service provider said Friday.(Read more)
Philippine banks face tougher cyber rules
The Central Bank of the Philippines (BSP) has launched more stringent cyber security guidelines on information security management, highlighting the roles of banks’ top management and board members. (Read more)
Financial literacy training for Ecija co-op
Global Peace Foundation Philippines, a non-government organization that promotes community development programs, recently collaborated with BDO Foundation, One Network Bank and the provincial government of Nueva Ecija to conduct a financial literacy seminar for the officers and members of the All-Lights Village Cooperative and Association. (Read more)
Access to bank financing still MSMEs’ big headache
As President Duterte puts micro, small and medium enterprises (MSMEs) on top of his agenda at the upcoming Asia-Pacific Economic Cooperation (Apec) Summit in Vietnam, local businessmen lamented that the lack of access to financing is making it difficult for local MSMEs to barge into the international stage. (Read more)
