BSP: “BSFIs should only deal with gambling and/or online gaming businesses that are allowed to operate by the appropriate government agency.” BSP — On Friday, the Bangko Sentral ng Pilipinas ordered BSP Supervised Financial Institutions (BSFIs) to remove all online sabong operators from the list of merchants in their online apps. The central bank said … Read more
UnionBank has partnered with Lazada and Shopee The Union Bank of the Philippines (UnionBank) has recently partnered with Lazada and Shopee in order to allow clients to do their online transactions seamlessly. UnionBank First Vice President and Head of Fintech Business Group Erika Denise Dizon said that the partnerships were timely amidst the exponential rise … Read more
BSP encouraged Filipinos to send cash gifts through digital wallets. BSP — The Bangko Sentral ng Pilipinas encouraged Filipinos to send cash gifts through digital wallets this holiday season. In a statement issued last November 22, the central bank said that digital wallets or e-wallets were the way to go when sending cash gifts this … Read more