The BSP is encouraging microfinance institutions to pursue digital finance for MSMEs. BSP — The Bangko Sentral ng Pilipinas is encouraging more microfinance institutions to pursue digital finance for agriculture and for micro, small, and medium enterprises (MSMEs). There are 144 microfinance institutions (MFIs) serving 2 million borrowers with a combined PHP 26 billion in … Read more
BPI introduced its digital banking platform dedicated to helping MSMEs manage their finances. BPI — On Wednesday, the Bank of the Philippine Islands introduced its digital banking platform dedicated to helping micro, small, and medium enterprises (MSMEs) manage their finances. In a virtual briefing, BPI head of Transaction and Services Division Ana Maria Sison told … Read more
The Philippine government allowed MSMEs to procure their own COVID-19 vaccines. Micro, small, and medium-sized enterprises (MSMEs) were now allowed by the national government to procure their own COVID-19 vaccines as the COVID-19 vaccination program was slowly being opened to more priority sectors. As obtained by the Manila Bulletin on Saturday, this was stated in … Read more
Banks were open to offer loans to MSMEs for 13th month pay, according to BAP. The Bankers Association of the Philippines (BAP) said that banks were open to offer loans to micro, small, and medium enterprises (MSMEs) in order for them to be able to release the 13th month pay to the employees. This, as … Read more